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Marketbeat Offices Madrid Q1

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 first quarter of the year amounted to 0.6% (Source: Bank of Spain). The gross take-up of office space during the first quarter of 2019 amounted to 143,210 m². With respect to the average quarterly take-up over the last two years (2017-2018), the corresponding figure for the first three months of the year represents an increase of 11%.