Trends in the real estate sector
EjePrime has just published analysis with the key factors that govern the real estate sector in 2017. One of the key points of this article is the lack of properties, a reality that real estate must face, since 39% of respondents (REITs and promoters) are studying the development and promotion of offices in consolidated secondary areas. These figures have been taken from the Investors Perspective study carried out by JLL.
Within an activity marked by the needs of the market, Colonial began various projects in 2016 that will soon meet the expectations of companies and investors.
Among these projects is the largest new building in Barcelona, located in the 22@ district, an area awash with opportunities that is already positioning itself as one of entrepreneurs’ preferences in Barcelona.
In Madrid, the Discovery Building is the company’s first Prime Factory building, a property designed to be adapted to the needs of the tenant and which offers high-level qualities. This building is also located in one of the most important business areas of Spain’s capital city.
The EjePrime article also highlights other points of the JLL study, such as investment in emblematic buildings; 66% of professionals would not invest in emblematic buildings to convert them into offices, whereas 23% would convert them, as long as more than 50% of all the property could be transformed.
The report ends by highlighting the recovery of the Spanish economy, which predicts a rise in rental costs in the coming years due to the investor interest and price stabilisation.
