JLL: Grade A office vacancy rate in Madrid of 11.1%, with supply pipeline of 0.8% at end of 2Q15
In its Global Market Perspective for Q315, Jones Lang Lasalle IP Inc. (JLL) noted that the vacancy rate for Grade A office space in Madrid was 11.1%, and that there is a supply pipeline (completions in 2015-16 relative to existing stock) of 0.8%. Over the last year, rents have risen by 6.1% and capital values have increased by 31.1%. Prime yields in 2Q15 were 4.3%.
Source : August 2015/JLL/Madrid/OFF