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More Than One Million M2 of Logistics Space Taken Up in Madrid in 3Q21

According to the real estate consultancy firm Savills Aguirre Newman, more than 1,000,000 square meters of logistics space were taken up in Madrid during the third quarter of 2021.

El mercado logístico de Madrid supera el millón de m2 contratados en el tercer trimestre

The logistics sector’s dynamism in the 12-month period places the accumulated contracted surface area at record highs. Between January and September 2021, logistics space under contract was 11% higher than in 2020. The number of operations also rose by 12%.

Aitor Álvarez, Madrid Operations Director of Savills AN’s Industrial and Logistics department, said that “the figures already confirm that it will be a record year for the market.” “Since January, there have been 11 large build-to-suit operations, representing more than 375,000 m2 and 36% of total contracting”, he pointed out.

Read the full article in Spanish

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