22/04/2021
The K Advisors analyses the Iberian Logistics Market:
During 2020 the Iberian Logistics Market registered an increase on take up due to the Pandemic and the several forced lockdowns which impact positively the online sales.
In terms of vacancy rate, Barcelona led with a vacancy rate of just 3.3%, followed by Porto with 5.0%, Madrid with 7.8% and Lisbon with 15.0%.
The prime rents are growing at different paces, led by Barcelona with 7.0€/sqm/month, followed by Madrid with 6.3 €/sqm/month, Lisbon with 4.0€/sqm/month and Porto with 3.9€/sqm/month.
In terms of take up Madrid registered the higher annual growth (53%) with a take up of 930.000 sqm, Barcelona 440.000sqm, Lisbon with 140.000sqm and Porto with 110.000sqm.
We foresee a continuous growth of the logistic sector, mainly in Lisbon and Porto, that comparing with the Spanish market are still making its first steps attracting foreign investment.