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Madrid Offices - Q3 2015

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The 390,000 sq m of take-up registered between January and September equates to 95% of the total annual take-up in 2014. It appears to be more than likely that the psychological barrier of 500,000 sq m will be broken and that the market will return to healthy levels of activity.

The vacancy rate has continued to fall since the beginning of the year. This third consecutive drop since the start of the crisis puts the market's overall vacancy rate at 12.4%.

The CBD reaffirms its strong position with a vacancy rate of 5%.

Source : Savills

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Keywords : Savills