Last Mile: The Urban Logistics Revolutionizing Spain
The explosion of e-commerce, the demand for deliveries in under 24 hours, and the pressure to reduce emissions in cities have driven the rise of “last mile” assets: small warehouses or distribution centers located within cities, just a few kilometers from the final consumer.
Unlike large logistics warehouses in peripheral industrial parks, last mile assets often occupy industrial spaces, old workshops, or rehabilitated buildings in well-connected areas of cities like Madrid, Barcelona, Valencia, Seville, or Bilbao. Their size ranges between 300 and 2,000 m², ideal for operators needing flexibility, proximity, and operational agility.
Why Last Mile is the Urban Logistics Revolutionizing Spain
For the smart investor, these assets offer clear competitive advantages over other property types:
- Net yields of 6% to 8%, higher than traditional commercial spaces due to high operational demand.
- 3 to 5-year contracts with specialized and solvent logistics operators (Amazon, Glovo, Correos Express, DHL, etc.), ensuring stable cash flow.
- High demand and scarce supply: urban land zoned for logistics use is extremely limited, protecting asset value.
- Guaranteed revaluation: urban planning pressure and digitalization cause these assets to gain value year after year, especially in densely populated cores.
At Alquilujo Internacional, we already identify and manage last mile assets in several Spanish capitals, with consolidated tenants and agile contractual structures. If you are interested in this sector, also explore our opportunities in larger-scale industrial and logistics assets.
According to CBRE Spain, demand for last mile logistics has grown by 35% year-on-year since 2023, and is expected to continue accelerating with the expansion of premium e-commerce and the need for ultra-fast deliveries.
Do you want to invest in an asset with high turnover, real demand, and strategic location? Explore our opportunities or contact us for a personalized analysis of available last mile assets in your city of interest.
