Evolution of the logistics market in the second quarter

Posted by TSB
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The latest study presented by BNP Paribas Real Estate on the number of logistics operations and contracted meters reveals that the market remains at a good level of operations. The number of operations increases during the second quarter, but the contracted area is reduced.

In Madrid, a contracting volume of 87,642 m2 has been reached, when in the first quarter it was 73,700 m2. The number of operations went from 9 in the first quarter to 13 in the second.

Current contracts have been smaller than those previously produced. More than 75% of the operations of this second quarter have been less than 10,000 m2, mostly in the first crown of the capital.

In Barcelona, ​​117,006 m2 were contracted during the second quarter, compared to 228,752 m2 in the first quarter. However, the number of operations has increased from 15 to 17.

The average size of the logistics surface demanded during this second quarter, in Barcelona, ​​was 6,883 m2.

The accumulated figure of commercial area contracted in Barcelona between the first and second quarter has been 345,758 m2. Being 10.2% lower than the first half of 2018.

The surface availability rate remains at very low levels in both markets: in Madrid, availability is less than 6%, over a park of almost 9 million m2. And in Barcelona it stands at 3.6% on a total stock of about 6.5 million m2.

Meanwhile, the promoter activity is still active. It is estimated that 600,000 m2 can be released in Madrid during the next 18 months. And in Barcelona it could reach one million m2 in the next two years.

According to the same BNP Paribas Real Estate study, the average and prime income has been maintained. In Madrid, at € 4.4 / m2 / month and € 6.2 / m2 / month the premium income. In Barcelona, ​​the average income is € 4.85 / m2 / month and € 6.80 / m2 / month the premium income.

Here we leave the link to the study (only available in Spanish) in case you want to get some more information.

Mercado logístico II Trimestre - TSB transporte y logística