Port of Sankey: Demand for warehouse condominiums in Huaral will be seen in four years | economy

John RuizHead of Research, explained management Real estate developers continue to look for land for Class A warehouses in the southern and northern parts of the capital. “What’s more, developers from the southern side are looking favorably on the northern side, mainly Ventanilla and Kalaw.”.

While Huaral’s proximity to the future port of Sanque has attracted the attention of investors, projects beyond Sanque Park have yet to materialize.

This area is not very important now as it will take time and will be looked at when operations of Sanke Port start. We see more of that in the medium and long term. Surely in 4 to 5 years it will be one of the most in-demand areas (by the market).”, he commented.

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According to counsel, About 40% of the demand for warehouse condominiums is concentrated in the south of Lima, in Lurin and Villa El Salvador. Eastern and Northern zones are between 15% and 20% respectively.

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Warehouse market

Real Estate Consulting’s latest report on vacancies for the first half of the year Condominium for warehouses 12.40% rise, a figure not seen in five years, due to high vacancy seen in Class B condominiums.

The districts of Lurin and Villa El Salvador continue to amass in Lima Sur. Stock, which consolidates 80% of the market. To a lesser extent, the Eastern Zone, Callo and Northern Lima are growing.

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Thus, among the projects about to enter the market (about 60,000 square meters in total) Gallo Logistics ParkIt is planning its first distribution in an area of ​​15,000 square meters Gallo Logistics Park DNAIt has not yet confirmed the exact square footage, but it is already operational.

In case of warehouses Class, the report described developers continuing to expand in the southern zone, which is preferred above all by logistics operators and marketers due to its proximity to the urban area; Then there is Huachipa and Néstor Gambetta.

Expansion is indicated in companies like Aldea Logística, Megacentro and Almacenes Central Huachipa have built new warehouses of around 50,000 square meters. Class, Especially south of Lima.

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Currently the warehouse has an area of ​​32,000 square meters Class 25,000 square meters located in Lurin and Villa El Salvador. “We hope they will be placed in the second semester as the occupancy rate is increasing”, he insisted.

As for the average rental rate, these have slightly increased compared to the last semester of 2022, standing at US$ 7. This is because some developers have maintained their rents consistently in recent years, but have adjusted their prices by 1% or 2% due to inflation. “We plan to end this year at US$ 7

About warehouses Class BIn the first half of the year, the report indicated that 10,500 square meters were delivered, 71% of which were located along the Lurin axis, which was targeted for storage and industrial activities due to their compatibility.

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More than 80% of this new offer was quickly filled.

However, overall effective demand of more than 80,000 square meters was negative due to the vacancy of four large mass consumption and logistics companies, which chose to go into operations.Stand out”.

This change reflects the desire of large retailers and logistics operators to position themselves in taller and more modern warehouses to create greater efficiency.”, comment Ruiz. This situation led to the general vacancy rate in the market reaching 20%, which has not been seen in five years.

Despite this, Lurín accumulated an area of ​​more than 150,000 square meters. Néstor Gambetta and Villa El Salvador, no more than 5,000 square meters.

For the expert, the With the observed migration already over and developers betting on aggressive rents, this type of movement is not expected for the rest of the year.

List rents are in the range of US$ 5.20 and US$ 6.50 per square meter, which varies depending on infrastructure, location and current availability. They are projected to be in that range by the end of the year.

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  • Shapes: Until two years ago, investors wanted to put up 2,500 square meter spaces, but now 500, 700 and 1,000 square meter blocks are being offered according to demand. “There is flexibility, no more discrimination. New warehouse delivery Class B Lurín’s blocks are 230 square meters and are packed”.
  • Provinces: After Lima, the most dynamic areas in the development of warehouse apartments are Arequipa, Chiclayo and Buera.
  • Vacancy: By the end of 2023, the market’s vacancy rate is projected to be around 10%. By 2024, the vacancy rate is projected to continue to decline with good response from Class A and B formats.
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About the author

Karen Guard Quisbe

Jaime graduated from the University of Bausate y Meza in Journalism with 20 years of professional experience. He has worked in media such as TV Peru and Peru21. He also worked in trade unions like SNMPE and SNI. Since 2016, it has been part of the Kestian newspaper.

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