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Take-up of office real estate in Madrid, Spain from 2022 to 2023, by submarket (in 1,000 square meters)

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Source

Release date

May 2024

Region

Spain

Survey time period

2022 to 2023

Citation formats

Take-up of offices real estate in different submarkets in Madrid, Spain 2022-2023

Published by ÌÇÐÄÆƽâ°æ Research Department, Jun 12, 2024

The Decentralized zone of Madrid, Spain, was the submarket with the highest office take-up rate in 2023. The volume of office real estate transacted in that year was over ** square meters, or about ** percent of the ** square meters taken up in Madrid. Despite being the most expensive area for office rental, the CBD area also had the lowest vacancy rate.

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