Industrial land rental prices rise due to increasing demand

The annual rental prices of industrial land in Barcelona was 75 euros per square meter in 2015, according EMEA Rents and Yields report, by CB Richard Ellis. For the first time in recent years, rental prices increased by 4.2% year-on-year, which explains why Barcelona has gone from 20th position in the ranking in 2014 to 14th in 2015 amongst a total of 50 selected cities in the area including Europe, Middle East and Africa, which is a similar price/m2 for cities like Amsterdam and Rotterdam. This change is due to an improvement in industrial activity, which is also seen in most European cities analyzed, but the most significant rises were recorded in London, Dublin and Belgrade, while cities that experienced largest declines are located in Russia, Ukraine, Turkey and Greece, which is due to the difficult economic situation in these countries. It is worth noting that in Madrid the rental price of industrial land is quite a bit lower, standing at 60 €/m2.

According to CB Richard Ellis, the yields on industrial land rentals in Barcelona reached 6.5% in 2015, identical to other European cities like Dublin and Vienna, but lower than the 7.5% recorded the previous year.