Take-up of offices real estate in different submarkets in Madrid, Spain 2022-2023

Published by Statista Research Department, Nov 9, 2024

The Decentralized zone of Madrid, Spain, was the submarket with the highest office take-up rate in 2023. The volume of office real estate transacted in that year was over 138,000 square meters, or about 29 percent of the 480,000 square meters taken up in Madrid. Despite being the most expensive area for office rental, the CBD area also had the lowest vacancy rate.

Take-up of office real estate in Madrid, Spain from 2022 to 2023, by submarket (in 1,000 square meters)

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Release date

May 2024

Region

Spain

Survey time period

2022 to 2023

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