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)
Characteristic
2022
2023
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BNP Paribas Real Estate. (May 9, 2024). Take-up of office real estate in Madrid, Spain from 2022 to 2023, by submarket (in 1,000 square meters) [Graph]. In Statista. Retrieved September 18, 2024, from https://www.statista.com/statistics/874713/take-up-of-office-premises-spain/
BNP Paribas Real Estate. "Take-up of office real estate in Madrid, Spain from 2022 to 2023, by submarket (in 1,000 square meters)." Chart. May 9, 2024. Statista. Accessed September 18, 2024. https://www.statista.com/statistics/874713/take-up-of-office-premises-spain/
BNP Paribas Real Estate. (2024). Take-up of office real estate in Madrid, Spain from 2022 to 2023, by submarket (in 1,000 square meters). Statista. Statista Inc.. Accessed: September 18, 2024. https://www.statista.com/statistics/874713/take-up-of-office-premises-spain/
BNP Paribas Real Estate. "Take-up of Office Real Estate in Madrid, Spain from 2022 to 2023, by Submarket (in 1,000 Square Meters)." Statista, Statista Inc., 9 May 2024, https://www.statista.com/statistics/874713/take-up-of-office-premises-spain/
BNP Paribas Real Estate, Take-up of office real estate in Madrid, Spain from 2022 to 2023, by submarket (in 1,000 square meters) Statista, https://www.statista.com/statistics/874713/take-up-of-office-premises-spain/ (last visited September 18, 2024)
Take-up of office real estate in Madrid, Spain from 2022 to 2023, by submarket (in 1,000 square meters) [Graph], BNP Paribas Real Estate, May 9, 2024. [Online]. Available: https://www.statista.com/statistics/874713/take-up-of-office-premises-spain/
