Prime office rent per square meter in different submarkets in Madrid, Spain 2022-2023

Published by Statista Research Department, Jul 20, 2023
The monthly prime rent of office space in Madrid, Spain was the highest in the Central Business District (CBD). In the first quarter of 2023, a square meter of office space in Madrid's CBD cost 37 euros per month. In the city's periphery, the cost was much lower at 12.75 euros per square meter. Rents in Madrid have stalled in recent years after a period of steady increase.

Prime office rental costs per month in Madrid, Spain from 2022 to 2023, by submarket (in euros per square meter)

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Release date

May 2023

Region

Spain

Survey time period

Q1 2022 and Q1 2023

Supplementary notes

* Central Business District.

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