The occupier market performs well despite the lack of mega-deals (>10,000 sq m). Y-o-y take-up figures and number of deals signed for spaces <10,000 sq m grew by 28% and 14% respectively.
Available space at the end of September was slightly down on Q2 2016.
Refurbishments and renovations completed in recent years, as well as the addition of new properties delivered since 2010, have given the out-dated Madrid office market a much needed face-lift.
Source : Savills