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CBRE: Logistics Contracting In Catalonia Reached 253,000m2 in 1Q21

During the first three months of the year, logistics contracting increased by 133% compared to the same period in 2020 due to the increase in demand linked to e-commerce.

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The logistics sector in Catalonia saw 253,000 m2 of space contracted during the first quarter of 2021, of which 215,000 m2 were net contracting, an increase of 133% y-o-y (108,900 m2), according to data published by the CBRE.

During the first quarter of the year, demand increased due to a coronavirus-related boom in the e-commerce sector. Such transactions accounted for 78% of the total in the first quarter.

Prime rents in Catalonia remained stable at 7.00 euros/m2/month and are expected to continue to do so in the coming months.

The turnkey lease of 140,000 m2 by an e-commerce operator in El Far D’Empordà and 28,000 m2 by Aosom in Valls were two of the more significant transactions this month.

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