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Madrid & Barcelona Register Record Logistics Leasing Figures

In 2022, office leasing also increased in Madrid, and remained stable in Barcelona, according to Cushman & Wakefield.

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Logistics warehouse in Madrid.

The cities of Madrid and Barcelona registered record leasing figures in the logistics segment in 2022, as reported on Thursday by the real estate consultancy Cushman & Wakefield.

Specifically, the capital of Spain registered a record leasing volume with 1.3 million square metres of space let; that represents an increase of 30% compared to the previous year. The total translates into 111 operations, which is also another record. In addition, prime rent prices stood at 6.1 euros per square metre per month in December 2022, exceeding the pre-pandemic level at the end of 2019 (of 5.25 euros) thanks to dynamic activity in the rental market. During 2023, around 800,000 square metres of space is expected to become available to let.

Read the full article in Spanish.

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