JLL: Madrid CRE investment volumes up 76% in 2015
In its Global Market Perspective for 1Q16, Jones Lang LaSalle noted that commercial real estate investment volumes in Madrid rose by 76% in 2015. Capital values for prime offices rose by 25.7%. Rental yields for prime offices were 4.3%, or 247 basis points above the yield on the relevant long-dated government bond. Rents for prime office space rose by 6.9%. Net absorption during 2015 was equal to 2.7% of existing stock. At the end of the year, the office vacancy rate was 10.6% and the supply pipeline for 2016-17 equated to 1.3% of existing stock.
Source : JLL/ January 2016/Madrid/OFF