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Spain MarketBeat Reports Q1 2020

Ramiro Rodriguez • 17/04/2020
Cushman & Wakefield MarketBeat reports analyse quarterly Spain commercial property activity across office, retail and industrial real estate sectors including supply, demand and pricing trends at the market and submarket levels.

Office

The good momentum of space absorption has been slowed down due to the severe reduction of Spanish economic activity since March 15. In the first quarter of 2020 the space take-up reached 85,740 sq. m. A simple comparison shows that this absorption volume represents 40% less than the quarterly space take-up of the last 3 years.  The first quarter of 2020 reached a space take-up of 44,200 sq m in Barcelona. Compared to the quarterly average of the last 3 years, represents a decrease of 50%.

Industrial

Vacancy rate has remained stable over the past 12 months. Construction activity pace is maintained and it is estimated that by the end of 2020 the stock of logistics warehouses will grow by around 577,000 sq. m (4% already committed).

Barcelona’s logistics stock and its area of influence amount to 7 million square meters with an available area of 390,000 sq. m. The scarcity of availability is notorious in the prime area, with only 23,000 sq. m available which means a 1.8% vacancy rate.

Investment 

After strong lockdown measures taken by mid March in the Spanish government, most of the economic activity has been halted, exception made essential products and services (e.g. food & health) and some other industries not able to work remotely (e.g. construction). This implies Spanish GDP will decrease by the end of 2020 and the IMF and the Bank of Spain are signalling central scenarios of between 7% and 9%.

 

 

CURRENT MARKETBEATS

Barcelona Office Market Data

Barcelona Office MarketBeat reports analyse quarterly  commercial property activity across office including supply, demand and pricing trends at the market and submarket levels.
 

Barcelona Office Market Q1 2020

Madrid Office Market Data

Madrid Office MarketBeat reports analyse quarterly commercial property activity across office including supply, demand and pricing trends at the market and submarket levels.
 

Madrid Office Market Q1 2020

Gold blue office facade, Barcelona
Spain Office Market Data

Office Marketbeat is a summary of the Spain office property sector in key cities, providing comment on recent trends as well as market data and analysis.

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aerial view of logistics depot
Barcelona Industrial Market Data

Industrial Marketbeat is a summary of the Barcelona industrial and logistics property sector providing comment on recent trends as well as market data and analysis.

Barcelona Industrial Market Q1 2020

aerial view of logistics depot
Madrid Industrial Market Data

Industrial Marketbeat is a summary of the Madrid industrial and logistics property sector providing comment on recent trends as well as market data and analysis.

Madrid Industrial Market Q1 2020

aerial view of logistics depot
Spain Industrial Market Data

Industrial Marketbeat is a summary of the Spain industrial and logistics property sector providing comment on recent trends as well as market data and analysis.

Spain Industrial Market Q4 2019

aerial view of logistics depot
Spain Investment Market Data

Investment Marketbeat is a summary of the Spain investment property sector providing comment on recent trends as well as market data and analysis.

Spain Investment Market Q1 2020

Woman in coat walking on street and looking at shopping window
Spain Retail High Streets Market Data

Retail Marketbeat is a summary of the Spain retail high streets property sector in key cities, providing comment on recent trends as well as market data and analysis.

Spain High Streets Market Q3 2019

People walking in shopping centre blurred
Spain Retail Shopping Centre Market Data

Retail Marketbeat is a summary of the Spain retail shopping centre sector in key cities, providing comment on recent trends as well as market data and analysis.

Spain Shopping Centre Market Q3 2019

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