The logistics in Zaragoza continues to record good data. From January to September of this year, the surface contracting has doubled and it already exceeds 26% of those contracted in the entire year 2023.
In these nine months, a total of 182,000 square meterswhich means 10% of total national demand. A figure that has been reached by important operations that have been signed in the first quarter of 2024.
By zones, The Zaragoza Logistics Platform continues to be the most in-demand industrial estateconcentrating more than 40% of the demand. Other logistics areas such as the A2-Barcelona and the A68-Logroño are also arousing interest, with 20% of the demand in each of them, according to the latest data provided by CBRE.
However, there are other industrial estates that are also registering significant dynamism, such as Malpica, Ciudad del Transporte, Villanueva de Gállego or Empresarium-PTR.
Despite these good figures, logistics in Zaragoza faces the handicap of not have new promotions at riskwhich is resulting in many operations having to be carried out in turnkey projects and even going to other areas of Spain. In fact, in 2024, only one risk development has been registered, which was successfully completed by being 100% leased before the completion of the work scheduled for 2025.
The CBRE report also focuses on the need to streamline procedures because it is being observed that they are delayed “excessively”, especially in turnkey projects. A step that will encourage the arrival of new occupants and promoters.
At the national level, logistics contracting, from January to September, reaches nearly 1,800,000 square meters, including Valencia, Zaragoza, Seville, Malaga and Bilbao, apart from the Central Zone and Catalonia. This figure is 23% higher than that registered in the same period of 2023.
In the third quarter alone, hiring stood at 650,000 square meters, which represents 44% more in year-on-year terms. Furthermore, until the third quarter, 64% of registered operations correspond to new products, while, at the national level, demand has come from sectors such as supermarkets, retail and technology.
Income
Prime rents maintain the upward trendstanding in 4 euros per square meter. In enclaves such as the Zaragoza Logistics Platform it is difficult to find operations below this figure, especially in recent constructions.
Nevertheless, far from the rest of Spain. For example, the Central Zone rises to 6.85 euros per square meter per month and, in Catalonia, it rises to 8.75 euros per square meter per month since the increase at the beginning of the year.
In the case of Zaragoza, it is expected price rise in response to demandespecially in those plots larger than 50,000 square meters, and the lack of soil due to the interest of data center operators, multinational companies in the automotive sector and other industrial sectors. In addition, operations such as Inditex’s in Malpica are also expected to increase the demand for logistics operators.
Forecasts that mean that the year 2025 could be marked by the lack of available land and logistics warehouses, which could slow down the number of operations and drive an increase in current income.
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