At a Glance: T1 2026 Mercado Logistico Cataluna

This document surveys the Catalan logistics real estate market in the first quarter of 2026, reporting record leasing activity of 238,575 square meters (up 61.6 percent versus Q1 2025), stable average rents of €6.40 per square meter per month rising 1.58 percent year-over-year, and a very low availability rate of 3.96 percent with future supply of 170,289 square meters concentrated in the second development ring. The market outlook reflects Spanish GDP growth projected at 2.3 percent in 2026 and notes that the Catalan logistics sector is well-positioned to absorb over 650,000 square meters of annual demand.