The industrial construction sector in Spain faces significant challenges in 2024, marked by cost inflation, rising interest rates, and a shortage of qualified labor. The costs of materials have experienced notable increases, especially in supplies such as gas and electricity, influencing the manufacturing of key materials.
Economic uncertainty persists, impacting the supply and demand of materials, with delays in the supply chain and pressures on transportation costs due to the COVID-19 pandemic.
The constant rise in interest rates has limited access to credit and influenced investment, making investors more selective. Nevertheless, the demand for industrial plots near large cities remains strong.
In Madrid, areas like the A2 and A4 continue to be crucial for logistics warehouses and traditional industries. The exact evolution of interest rates is uncertain, but some stabilization is expected.
The shortage of qualified labor persists in the short term, with a lack of generational turnover in construction. Factors such as the negative perception of manual labor, interest in technology, and a lack of knowledge about opportunities in the sector contribute to this shortage. As long as activity continues, a continuous deficit of qualified labor and high labor costs is anticipated.
At Duinsa, we are committed to addressing these challenges, offering comprehensive solutions and a service tailored to the changing needs of the industrial construction sector.