The real estate market of Barcelona maintained between July and September the momentum shown in previous months, thanks to the support of demand, and ranked as the second European city with the highest growth in prime real estate income in the office and logistics segments. In the first, the business district (CBD) of the Ciudad Condal recorded an increase in revenues of 12.1% at the end of the third quarter - compared to the same period of 2017 - and stood at 25.5 € / sqm / month , an increase only surpassed by Berlin Center (+ 16.4%, € 32 / sqm / month). The CBD of Madrid, for its part, showed a rise of 3.8%, to € 33.75 / sqm / month, according to data from the study "The DNA of Real Estate" of Cushman & Wakefield for the third quarter.
Regarding to the logistics segment, Barcelona was also the second European city in which prime rents grew the most in the third quarter (+ 12.5% year-on-year, to € 6.75 / sqm / month), second only to Manchester, which shot 25%. Madrid, on the other hand, remained flat in the interannual rate and rents were at € 5 / sqm/ month.
In retail high street, Portal de L'Angel Street in Barcelona did not register rent increases, but maintained its status as the most expensive in Spain (€ 280 / sqm / month) at the close of the third quarter, closely followed by Preciados, in Madrid (year-on-year increase of 1.9%, to € 270 / sqm / month). Vaci Street in Budapest led the increases in Europe with an increase of 16.7%.
Oriol Barrachina, CEO of Cushman & Wakefield Spain, believes that "the rise in income in Barcelona has a dual origin: on the one hand, there is a strong demand from growing companies that were not in Barcelona and are installed by hiring space , and, on the other, by those companies that were already in the city and that have grown. They are both national and international companies, especially international and linked to the new economy. "