Marketbeat Spain Industrial

Key Takeaways

• The first half of 2025 has been shaped by a complex macroeconomic environment, with trade policy emerging as one of the most prominent global themes. Despite logistics being one of the sectors potentially most exposed to these dynamics, it has demonstrated remarkable resilience and strength.
• In Madrid, market activity has remained robust, with healthy leasing volumes and upward pressure on rents, reinforcing the sector’s stability. Total take-up between January and June reflects an active market, albeit with some adjustments. When analyzing demand across logistics corridors, Madrid’s two main axes continue to share demand evenly, accounting for 85% of total activity during the first half of the year.
• In Barcelona, the logistics sector continues to benefit from its strategic position as a gateway for international trade. Leased space in the first half of 2025 increased by 32% compared to the same period last year, underscoring its growing appeal to both operators and investors.
• Regarding absorption, zones 2 and 3 have clearly dominated, jointly concentrating a significant portion of total take-up by the end of June, largely driven by large-scale transactions.
• Despite ongoing uncertainty, logistics remains one of the most attractive sectors for investors, alongside the living segment, thanks to its strong fundamentals and synergies with various economic sectors.
• In summary, the industrial logistics sector closes the first half of the year with figures in line with those recorded during the same period in 2024, reaffirming its role as one of the most stable pillars of the real estate mark.