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.
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.
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