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Madrid : Offices - Q2 2016

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Madrid : Offices - Q2 2016

For the second quarter running, no deals >10,000 sq m were signed in Q2 2016, yet the market has registered growth both on a quarterly basis and versus H2 2015.

The annual variation in the number of deals has been positive since the end of 2013, reaffirming the notion of an expansive phase.

Vacancy continues to decline. The almost 1.37 million sq m of vacant space represents a 3% adjustment and means that the vacancy rate now stands at 10.5%.

Source : Savills

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