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Madrid offices - Q1 2017

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Madrid offices Q1 2017

The muted results posted for the occupier market in Q1 2017 came in stark contrast to the sharp growth seen in average closing rents.

As was the case in 2016, the year began without any megadeals (>10,000 sq m), a factor
which contributed to a low take-up figure: close to 116,000 sq m was registered, which was 10% down on Q1 2016.

The number of exclusive office and semi-industrial lettings was in line with Q1 2016, down by just 3%.

Source : Savills

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