Logistics demand hits new records
The demand for logistics space reached a new quarterly record in Q4 2020, with a total leasing activity of almost 413,000 sq. m, up 45% when compared to Q3 2020 and more than double compared to the same period last year. The transactional volume for 2020 reached 994,000 sq. m, reflecting a 109% growth.
The pipeline for 2021 is consistent, as developers currently have under construction new projects with a total area of 440,000 sq.m in various cities.