In its latest (3Q15) Market Report on the European office sector, Savills noted that prime rents and secondary rents in Madrid were, respectively, EUR312 and EUR205 per square metre per year. Year-on-year growth in prime rentals has fallen from 4% to 2% since 1Q15. Looking forward, Savills anticipates that take-up of office space will increase. Supply of new space is expected to fall. Prime rents are expected to remain rise. In its report, Savills highlighted that the vacancy rate across Madrid is 12.4% and falling. In the CBD, the vacancy rate is about 5%.

Source : Savills/December 2015/Madrid/OFF