The office market in the Spanish Capital Madrid is presenting an increasingly attractive investment opportunity due to its interesting new build projects and its well-developed local transport network, according to Real I.S. AG.
Madrid is one of the top 20 office markets in the euro area, with office space of 8.5 million square meters (91 million square feet). A number of big banks, international insurance companies, large corporations and the Spanish Stock Exchange are located in the city, adding to its appeal as an interesting investment location. The developments in the new financial and business center Nuevo Norte are particularly instrumental in increasing the value of the Madrid office market. In addition, other submarket developments such as Méndez Álvaro and Mahou-Calderón also offer great potential. At the end of 2020, the vacancy rate in Madrid’s office market as a whole was 9.1 percent.
The Madrid region is currently planning the biggest expansion of it
