Marketbeat Offices Barcelona

Ramiro Rodriguez, PhD

Research Professional PhD

Phone +34 917 819 208

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The full report

Of the 395 transactions signed over the year, 9% exceeded 2,000 m2. The majority of contracts were for less than 500 m2 (65%) and 21% corresponded to deals between 500 and 1,000 m2. 

The majority of contracts were for less than 500 m2 (65%) and 21% corresponded to deals between 500 and 1,000 m2. The majority of the space transacted in 2017 hovered around the 900 m2 mark, whereas the average floorspace for deals exceeding 2,000 m2 stood at around 4,600 m2. Take-up was focused on the New Business Areas, where the largest deals were signed. These represented 49% of the volume for the year.

Take-up in the City Centre and the area of Passeig de Gràcia/Diagonal corresponded to 34% of the total, whereas Periphery cornered 17% of total floor area. Professional services businesses, technology firms and the pharmaceutical sector swallowed up some 43% of the total floorspace transacted. It is important to point out the proportion of take-up in terms of spaces assigned to co-working, the leasing of which represented 5% of the total.

The available supply of offices in Barcelona at the close of the year continues to trend downwards, the vacancy rate sinking to below 7.5%. The available square metreage now amounts to 432,000 m2, some 7% below the figure for the previous quarter and 18% yearon-year.