Rental of logistic space in Catalonia shoots up 53% in 2018

Rentals of logistic space by companies in Catalonia shot up in the first nine months of this year. According to the commercial real estate agency, Cushman & Wakefield, rentals of logistic space went up 53%, a total equivalent of 497,000 square meters.

In the third quarter of 2018 alone, some 90,000 square meters were rented out to companies, 15% more than in the same quarter in 2017.

Some 45% of the rental contracts in the first nine months of the year where in Barcelona and the nearby area of Baix Llobregat.

Another 38% where in the Vallès area, to the west of Barcelona, with the remaining 13% in Camp de Tarragona, Bages and Girona.

Some 15 of the rental contracts were for properties over 10,000 square meters, and involved such well-known firms as Amazon.

The agency also highlighted the Mercadona supermarket chain, which rented a space of 10,500 square meters on a plot of 20,000 square meters in Barcelona's Zona Franca industrial estate.

Meanwhile, the DHL international courier firm is to invest in a logistic center of 3,000 square meters in Castellbisbal, in Vallès Occidental, about 40 kilometers outside Barcelona.