Inmologistics has become the darling of the property investment market, with a strong focus on international funds,

both those that have historically been involved in this market and also those that, although not their speciality, are turning to this market because of its resilience and growth potential.

This is a historic development for the province of Málaga, allowing the first profitable operations to be closed in farther removed areas of the province, something that was unthinkable just two years ago.

Seville is consolidating its position in this line by attracting major investments, competing directly with markets such as Barcelona and Madrid.

Price comparison by zone: land
Price comparison by zone: Turnkey

Málaga and the Costa del Sol continue to lead economic growth in Andalusia, which generates a need for logistics areas, a demand that has been unmet since 2016 but that does not stop growing. More traditional operators are being joined by droves of e-commerce operators, and large distribution companies are also showing great interest, which means that rental levels remain at the historic level of €5/sq m.GLA.

In Málaga, the seeds were sown in 2019 for two major logistics projects that will be completed in 2020 and 2021, although they will almost certainly be single-tenant projects, which will do little to ease the current tension between supply and demand in the market.

The problem of flooding must be closely monitored. There have been significant changes in recent months, including the granting of an appeal to the Supreme Court, which has largely resulted in the rejection of the regulations in place, and the proposal of corrective measures that the Málaga City Council has coordinated with the Andalusian Regional Government to eliminate the risk of flooding in Málaga's industrial area.

Supply of Land for Rent
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  • At the end of 2020, two large projects will be made public in Málaga city that will involve an increase in GLA stock of at least 70,000 sq m

  • Strong investment pressure is driving the market in terms of currently yielding operations. The effect of this interest is that yields have contracted by more than 12% in the last year

  • The logistics market is performing well despite the crisis

  • Consolidation of rent around €5/sq m. for prime logistics assets

  • Pressure from investment funds to enter the Málaga market has increased tenfold in the last year

  • COVID has slowed down leasing operations, but in exchange it has made the investment market more dynamic

  • Unmet latent demand is growing by at least 30%




Intensification of operators' activities due to the increase in online transactions

Positioning the city as the logistics epicentre of southern Spain

Resilient segment during the crisis due to changes in the demand consumption channel and especially in food distribution operators

Facilitating urban planning procedures in the sectors of Sectorized Land for Development with logistical uses

Continuing trend in rents

Support through infrastructures

The logistics supply continues to be very limited

Construction of a larger logistics park. Adapted to the needs of the city and the demand of logistics operators and investors

The activity in the market has been sustained both by operators and investors; more and more of them are focusing on Málaga both as a market to develop their business activity and for their investment activity