In this regard, Lucas Desalvo, Market Research Manager at Cushman & Wakefield, pointed out that “the annual net absorption closed at 203,965 m², as a result of 30,138 m² unoccupied and 234,103 m² occupied.”
For his part, Santiago Isern, the company’s senior broker, highlighted that “of the total leased area, 29% are new warehouses that were delivered this year, and were pre-rented. The companies that took over these meters were one of post office and a motorcycle importer”.
“Taking these movements into account, we believe it is important to alert and make companies aware that there are very few quality meters available and that those who have plans to move or expand their operations, it would be ideal for them to make the decision to do so as soon as possible because We calculate that, by the middle of the year, there will no longer be an available offer and the meters that will enter will surely do so with signed contracts,” he added.
Regarding the zones, the report shows that the North Zone of Greater Buenos Aires submarket continues to concentrate the largest contracted footage for the second consecutive year, reaching 80% participation, with a great impact on the San Eduardo Triangle.
The occupations occurred as a result of the expansion of existing operations in the logistics centers.
On the other hand, the West Zone is presented as a pole of opportunities where high-quality logistics centers are beginning to be installed and, finally, there is the South Zone, in which 89% of the available area has been in operation for more than 12 months. on offer, with stable prices.
For its part, Newmark Argentina observed that “at the end of the year the logistics center market continues to show some stability”, and that “the market continues to be driven by the growth of e-commerce that drives demand and has generated changes in the operations of large logistics platforms”.
“Regarding the new meters expected for the market, there were no new additions during the 4th quarter of the year, so their entry is expected by mid-2022, depending on the development of the new wave of infections and the possible restrictions that could happen”, concluded.
Source From: Ambito
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