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Marketbeat Offices Madrid Q4

Ramiro Rodriguez

Head of Research, Spain

Head of Research, Spain

Phone +34 91 781 92 08

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The economic climate remains positive, driven by consumer spending, whilst GDP growth during the last quarter of the year amounted to 0.6%.
The gross take-up of office space during the fourth quarter of 2018 amounted to 120,800 m². The aggregate total for the year indicates occupation of 485,000 m² in the Madrid market and its area of influence. Compared with take-up in 2017 (548,250 m²), a fall of some 13% is noted.