{"id":37832,"date":"2025-05-05T12:09:33","date_gmt":"2025-05-05T10:09:33","guid":{"rendered":"https:\/\/www.forcadell.com\/?p=37832"},"modified":"2025-05-05T12:12:24","modified_gmt":"2025-05-05T10:12:24","slug":"madrid-office-market-holds-steady-in-q1-2025-with-125000-m%c2%b2-contracted","status":"publish","type":"post","link":"https:\/\/forcadell.com\/en\/madrid-office-market-holds-steady-in-q1-2025-with-125000-m%c2%b2-contracted\/","title":{"rendered":"Madrid Office Market Holds Steady in Q1 2025 with 125,000 m\u00b2 Contracted"},"content":{"rendered":"
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The Madrid office market<\/strong> reached 125,000 m\u00b2 of contracted space<\/strong> during the first quarter of 2025, according to the latest report published by FORCADELL. While this figure represents a 13.79% decrease compared to the same period last year, it highlights that the sector remains resilient in the capital with solid activity<\/strong>.<\/p>\n<\/div>\n\n

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By area, the CBD (Central Business District) led the way in leasing activity<\/strong>, accounting for nearly 35% of the total. This trend is driven by strong demand within the M-30 ring road, particularly in areas such as Azca, the Castellana axis, and the Cuatro Torres business district, which offer strategic locations<\/strong> that enhance corporate branding<\/strong> and support talent retention<\/strong>.<\/p>\n<\/div>\n\n

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Given the limited availability within the M-30 and rising rental prices, the decentralized area<\/strong> also saw a significant volume of transactions<\/strong> and became the second-largest area in terms of leased space (31% of the total). The supply of Class A offices, offering numerous amenities and more competitive rents<\/strong>, has made this area an efficient solution for companies seeking to reduce costs without compromising on quality.<\/p>\n<\/div>\n\n

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In contrast, leasing activity in the city center and peripheral areas was more moderate, accounting for 19% and 15% of the contracted space, respectively. Among the peripheral locations, Pozuelo de Alarc\u00f3n stood out as the most in-demand area during the quarter<\/strong>, according to the published analysis.<\/p>\n<\/div>\n\n

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Healthy Leasing Activity and Clear Signs of Recovery<\/h2>\n<\/div>\n\n
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Manel de Bes, Director of the Office Department at FORCADELL<\/a>, positively assessed the data, noting that \u201cthe office market in the capital shows clear signs of recovery and maintains a healthy leasing pace<\/strong>, although the evolution differs across areas,\u201d as the city center begins to experience very low vacancy levels, while supply outside the M-30 continues to grow.<\/p>\n<\/div>\n\n

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In this context, as Manel de Bes points out, \u201cwe can expect significant relocations <\/strong>in the coming quarters as companies choose to move to more decentralized areas, which offer high-quality space<\/strong> capable of supporting large corporate operations and meeting current market needs.\u201d<\/p>\n<\/div>\n\n

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Furthermore, as the report highlights, landlords in these areas are making strong efforts to attract new tenants. Their strategies include direct financial incentives<\/strong>, extended rent-free periods<\/strong>, and delivering offices in plug & play format<\/strong>, which allows companies to minimize setup costs and speed up time-to-market.<\/p>\n<\/div>\n\n

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Availability Follows the Trend of Recent Quarters<\/h2>\n<\/div>\n\n
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As reflected in FORCADELL\u2019s report, office availability<\/strong> in Madrid continues the trend of recent quarters and currently stands at 9.5%<\/strong>. Over the past year, this figure has dropped by almost 3 percentage points.<\/p>\n<\/div>\n\n

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The CBD and Prime areas remain the districts with the lowest availability<\/strong>, with vacancy rates of 3.75% and 2.14%, respectively. Combined, they account for more than 60% of the reduction in availability <\/strong>in just one year, solidifying their position as the most in-demand markets in the city.<\/p>\n<\/div>\n\n

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Meanwhile, the Central area has shown notable stability<\/strong>, holding steady at 10%, the same as the previous quarter. Additionally, most of the available supply is found outside the M-30<\/strong>, where decentralized and peripheral zones account for approximately 84% of Madrid\u2019s total available office space.<\/p>\n<\/div>\n\n

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Regarding rents, during the first quarter of 2025, the average office rent in Madrid remained stable<\/strong>, with a slight increase compared to Q4 2024, standing at around \u20ac23\/m\u00b2.<\/p>\n<\/div>\n\n\n

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Dowload report<\/a><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

According to data from the Madrid Office Market Report for the first quarter, presented by FORCADELL.<\/p>\n","protected":false},"author":8,"featured_media":37827,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[73],"tags":[],"class_list":["post-37832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news"],"acf":[],"yoast_head":"\nMadrid Office Market Holds Steady I FORCADELL<\/title>\n<meta name=\"description\" content=\"The Madrid office market holds steady in the first quarter of 2025 with 125,000 m\u00b2 contracted in this period.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/forcadell.com\/en\/madrid-office-market-holds-steady-in-q1-2025-with-125000-m%c2%b2-contracted\/\" \/>\n<meta property=\"og:locale\" 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