en.Wedoany.com Reported - In the first quarter of 2026, the leasing area in Spain's logistics real estate market exceeded 751,000 square meters, a 5% increase compared to the same period last year.
According to data released by CBRE, logistics demand remains concentrated in the Central Region and Catalonia, with the two areas together accounting for nearly 75% of the national leasing volume. In the first quarter, the Central Region's leasing area exceeded 345,000 square meters, a year-on-year increase of 39%, with the A-2 corridor accounting for nearly 60% of the total take-up. Catalonia's leasing area exceeded 222,000 square meters, a year-on-year increase of 74%.
In terms of investment, the industrial and logistics sector attracted €281 million in the first quarter, remaining flat compared to the same period last year. The portfolio acquisition by CapitaLand Group accounted for 44% of the total transaction volume. Madrid led the investment market with a share slightly above 50%, followed by Catalonia at 23%. Prime logistics asset yields remained stable at 4.85%.
Regarding vacancy rates, the Central Region's vacancy rate remained stable at 10.28%, with prime rents maintained at €7.25 per square meter per month; Catalonia's overall vacancy rate was approximately 3.1%, with prime rents maintained at €9.25 per square meter per month, showing an upward trend in the medium term.
Among regional markets, Valencia's leasing area exceeded 51,000 square meters, Zaragoza recorded 38,000 square meters, and both Bilbao and Malaga saw transaction areas exceeding 20,000 square meters. Vacancy rates across regions are at historic lows, below 2% in Valencia and Zaragoza, and around 3% in Bilbao and Malaga, with the persistent supply shortage continuing to exert upward pressure on prime rents.
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