Record high for Catalan logistics market in 2024, with leases on 710,000 m² of space

According to data announced by real estate consultancy firm CBRE, logistics leases in Catalonia hit 710,000 m² in 2024, up 33% from the previous year and an all time high in the sector.

This figure is also higher than the average for the past five years, at 655,000 m², and for the past ten years, at 600,000 m². It should also be noted that over 50% of demand was for new products, half in the second logistics ring, and that net leases totalled 530,000 m², or 75% of the total.

This positive behaviour in logistics leases has driven up prices in the first ring, which are at €9 per square metre/month, 6% higher year-on-year, and also in the second ring, with yearly growth above 7% for €7.25 per square metre/month. Finally, rent in the third ring has held stable at €4.25 per square metre/month.

Sources at CBRE highlight that increased leasing in 2024 wasn’t accompanied by a corresponding increase in investment due to lack of product. Nevertheless, they say that strong demand and new logistics products available in 2025 point to notable growth in investment.