Take-up of industrial and logistics real estate in Madrid, Spain 2009-2023
The take-up of industrial and logistics real estate in Madrid, Spain declined for the second year in a row in 2023. The total floor space transacted in that year was 865,000 square meters, down from the market peak of 1.4 million square meters in 2021. Despite the decline in demand, the industrial and logistics real estate sector in Spain has grown notably since 2016, when take-up stood at 410,000 square meters.