Prime rents in the major office markets in Spain are expected to grow year-on-year between 2024 and 2028, according to a May 2024 forecast. The Spanish capital, Madrid, and the capital of the Catalonia region, Barcelona, are expected to achieve 2.5 percent annualized rental growth by 2028-0.4 percentage points above the average rental growth forecast for the major European markets. In Europe, central city offices had better investment and development prospects than suburban offices.
Annual prime rental growth forecast for office real estate in Barcelona and Madrid, Spain from 2024 to 2028, by city
Real estate organizations that contributed to the survey include abrdn, AEW, Aviva Investors, AXA Investment Management, blackolive advisors gmbh, BNP Paribas Real Estate, Capital Economics, CBRE Investment Management, CoStar, Cushman & Wakefield, DWS, Invesco, JP Morgan Asset Management, LaSalle Investment Management, and Lisney.
According to the source, prime rent refers to achievable prime rental values for offices located in the city center, in buildings of representative size and lease terms for modern structures in the best location.
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IPF. (May 14, 2024). Annual prime rental growth forecast for office real estate in Barcelona and Madrid, Spain from 2024 to 2028, by city [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1536415/spanish-office-real-estate-rental-growth-forecast/
IPF. "Annual prime rental growth forecast for office real estate in Barcelona and Madrid, Spain from 2024 to 2028, by city." Chart. May 14, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1536415/spanish-office-real-estate-rental-growth-forecast/
IPF. (2024). Annual prime rental growth forecast for office real estate in Barcelona and Madrid, Spain from 2024 to 2028, by city. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1536415/spanish-office-real-estate-rental-growth-forecast/
IPF. "Annual Prime Rental Growth Forecast for Office Real Estate in Barcelona and Madrid, Spain from 2024 to 2028, by City." Statista, Statista Inc., 14 May 2024, https://www.statista.com/statistics/1536415/spanish-office-real-estate-rental-growth-forecast/
IPF, Annual prime rental growth forecast for office real estate in Barcelona and Madrid, Spain from 2024 to 2028, by city Statista, https://www.statista.com/statistics/1536415/spanish-office-real-estate-rental-growth-forecast/ (last visited December 22, 2024)
Annual prime rental growth forecast for office real estate in Barcelona and Madrid, Spain from 2024 to 2028, by city [Graph], IPF, May 14, 2024. [Online]. Available: https://www.statista.com/statistics/1536415/spanish-office-real-estate-rental-growth-forecast/
