The logistics sector in Spain continues to show remarkable dynamism, with an increase in investment of 2.6% year-on-year between July and September 2024 and 1.6% compared to the second quarter, according to MVGM’s recent real estate market report in Iberia. This growth highlights the sector’s strength, especially when demand for logistics assets continues to boom, driven by e-commerce and the need for infrastructure adapted to sustainable standards.
The average price of logistics assets in the third quarter is €449 per square metre, although this figure varies considerably depending on the location. The Community of Madrid ranks with prices of €728 per square metre, followed by Catalonia (€578/m²) and the Basque Country (€549/m²), reflecting sustained demand in these key regions.
Regarding rents, the average price reached 4.3 euros per square metre in the first half of 2024, with an annual increase of 4.1% and a quarterly variation of 1.3%. Catalonia leads this segment with an average of €5.3/m², slightly higher than Madrid (€5.2/m²) and the Basque Country (€4.9/m²).
The logistics sector is undergoing a significant transformation, where energy efficiency and ESG standards have become fundamental elements for investors. These factors, driven by new regulations, are setting the tone in the design and development of new projects, while the updating of older logistics parks remains crucial to maintaining competitiveness.
Finally, the rental market in the logistics sector shows an upward trend that, according to MVGM, could continue in the medium and long term, underpinning the attractiveness of this segment for investors.
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