Prime office rent per square meter in different submarkets in Madrid, Spain 2022-2024

Published by Statista Research Department, Jun 3, 2024

The monthly prime rent of office space in Madrid, Spain, was the highest in the Central Business District (CBD). In the first quarter of 2024, a square meter of office space in Madrid's CBD cost 39.5 euros per month. In the city's periphery, the cost was much lower, at 13.5 euros per square meter. In 2023, office rents in Madrid increased after remaining stable for three years in a row.

Prime office rental costs per month in Madrid, Spain from 2022 to 2024, by submarket (in euros per square meter)

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Release date

April 2024

Region

Spain

Survey time period

2022 to 2024; as of Q1 of each year

Supplementary notes

* Central Business District.

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