Logistics take-up in the Central Zone increases by 72% in the first quarter

Logistics take-up in the Central Zone increases by 72% in the first quarter

"The high level of take-up is due, mainly, to the increase in operations of large areas, above 10,000 m2, many of them turnkey as a result of the lack of warehouses of this type of quality in the logistics market of the central area", explains Alberto Larrazabal, national director of Industrial and Logistics of CBRE.

Among the most notable operations of the quarter is the rental of two turnkeys, one of 80,000 m² in Toledo rented to an operator related to the e-commerce and the other rented by Luis Simoes of 31,458 m2 in Marchamalo, both warehouses owned by Montepino Logística.

Out of a total of 15 operations registered in the first quarter, 9 of them took place on the axis of the A-2 covering no less than 105,000 m2. The rest of operations have been shared equally on the A-3 and A-4 axes, with zero logistics activity in the remaining areas. For large distribution areas, the national distribution zone was the most active with the regions of Guadalajara and Toledo including 65% of the total area contracted.

As for prime rent, it remains stable compared to the previous quarter, at €5.25 / m² / month.

As for the investment, during the first quarter, in the Spanish logistics market were registered transactions for a total amount of €486 million, including the sale of assets by Axiare, which translates into an increase of 62% regarding the number registered in the same period of 2017. On the other hand, regarding prime yields, they remain stable at 5.85% due to the purchasing activity and the scarcity of existing product in the market.

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