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Barcelona : Offices - Summer 2017

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Barcelona : Offices - Summer 2017

Available space drop some 9% in Barcelona in comparison with last year. Total take-up during the first half of the year amounts to 208,000 m², some 39% above the figure recorded for the same period the previous year. Prime rent in Barcelona stands at €22.50/m²/month, some 7% above the same figure one year ago.

Indicators continue to point towards the firm progress of economic activity. In May, the service sector turnover index grew by some
7.9% year-on-year and that of the industrial sector by 10.8%.

For the second quarter running, the business confidence index of la Caixa showed a rise in the percentage of business people with an optimistic outlook, pointing towards continuity of the strong economic momentum.

Both occupancy and real estate investment are based on positive prospects for employment creation and GDP growth in the Spanish market.
If growth forecasts are met, the year will close with GDP growth of at least 3.1%, above the figure for 2008.

For their part, house purchase transactions grew by some 12% year-on-year (month of May).

Source : Cushman & Wakefield

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