By Claudia Armesto
At year-end, there was an increase of 101,662 m² in premium logistics centre inventory and a rise in rental values.
According to the new Colliers Argentina report, during the second half of 2023 the vacancy rate for premium logistics centres stood at 4.7%, up 3.00 percentage points from the previous period.
The The supply of logistic centres showed 108,084 m² for rent. In terms of the distribution of the inventory, the 78% (1.776.239m²) corresponds to the Category A, while only the 22% to Class B. If availability is broken down by property category, it can be seen that the highest vacancy rate is in class B Logistics Centres, reaching 6,44%. Class A real estate showed a vacancy rate of 4,31%.
“As a result of the considerable increase of profitable area in the inventory, the vacancy rate has risen significantly”.” highlighted Alejandro Bartra, industry brokerage at Colliers Argentina.
The highest vacancy rate was in South GBA with 11.78%, registering a notable increase with respect to the previous period. It is followed by West GBA with 6.39% and North GBA with 2.64%.
In the demand for logistics centres, a positive net absorption of 30,131 m² was recorded.. In terms of category, both class A and B logistics centres showed positive net absorption values, with records of 27,162 m² and 2,969 m² respectively.
In this case, the West Zone showed a negative balance of -14,687 m², as did the Southern Zone with a negative balance of -5,344 m², while the Southern Zone with a negative balance of -5,344 m², while the North Zone showed positive absorption values of 50,162 m². Only CABA remained stable, The market remained fully occupied due to the fact that the properties that make up its entire market remained fully occupied.
“At the end of the second half of the year, the Asking Rent The market average showed a slight increase, standing at 6.86 USD/m²,” says Bartra. The area with the highest increase is Zona Norte, with a cost of USD 7.55. Regarding the values by type of property, class A stood at USD 8.43/m² and category B at USD 5.60/m²..
With regard to the industrial warehouses, The offer is based on the properties published on various portals by real estate brokers in CABA and GBA. “The sample considered is made up of 71 warehouses of various sizes ranging from 3,000 to 20,000 m²,” adds the specialist. The Asking Rent market average stood at USD 5.67/m², with a slight increase compared to the previous period.
“In the industrial parks, the Asking Price The average cost per zone of land for sale showed a slight increase compared to the first half of 2023,” observed Alejandro Bartra. “Zona Norte has the highest cost, at 129.93 USD/m², increasing by only 3USD/m²,” he added.
The sample analysed includes land in 19 industrial parks located in GBA and the Province of Buenos Aires. It should be noted that the supply of land is a market with wide price gaps within each park, given that the value of the square metre depends not only on the location, accessibility and size of plots, but also the infrastructure offered..
About Colliers
In Argentina, Colliers has more than 60 years of experience in the local market, providing real estate services to local and international companies in the most important cities of the country. Currently, it has a multidisciplinary team of professionals with high performance and experience in the market. Likewise, it provides real estate services to developers, owners, corporations and investors such as: Brokerage (Landlord and Tenant Representation); Valuations and Consultancy; Corporate Solutions; Investments; Project Management and Space Planning. Its difference is radical in terms of the quality of its service. Today, it is the advisor of choice for many of the world's most innovative and successful companies.
