Industrial and Logistics market data - Figures first quarter 2025 Spain

Absorption in the Central Zone during the first quarter reached 249,000 m2, an increase of 17% compared to the same period in 2024. For its part, the Catalan logistics market experienced a year-on-year increase of 32.7%. In total, a take-up of close to 128,000 m2 was recorded. Take-up in the rest of Spain accounted for 47% of the total national take-up, with more than 330,000 m2, 51% more than in the same period of the previous year. In Spain as a whole, more than 710,000 m2 were absorbed, a record figure for the first quarter of the year.

Industrial and logistics investment has exceeded 400 million euros, more than double that of the first quarter of 2024 and 4% above the average of the last five years. Interest in the logistics sector remains strong, driven by solid demand fundamentals: consumption factors and economic growth which, despite the current situation, exceed European forecasts, positioning Spain as one of the logistics hubs with the greatest potential at European level.
In the first months of the year, a total of 11 operations have been closed, 6 of them for less than 20 million euros, representing 17% of the total volume of investment.

In terms of availability rates, growth has been seen in recent years in the main markets, Central and Catalonia, as a result of record delivery volumes of projects developed at risk. However, the lack of stock is still significant in some areas and in secondary markets availability levels are lower, particularly in Valencia.

Prime yields currently stand at 5.00%, following consecutive decreases of 15 and 20 basis points in December 2024 and February this year. The trend continues downward, driven by an expected expansionary monetary policy that favors lower rates. However, recent developments anticipate a more cautious and gradual adjustment.