Barcelona – Rental Market
The demand in the Madrid offices market reached 523,456 sqm in 2024, representing a year-on-year increase of +35%. These transactions demonstrate the clear polarization of rent and occupancy between Grade A buildings and outdated buildings. The total market vacancy rate reached 11.0%, while the vacancy rate in the CBD remained around 3.6%. The scarcity of available space has increased prime rents to €42.25/sqm/month (€40/sqm/month at December 2023).
Madrid– Rental Market
The demand in the Madrid offices market reached 523,456 sqm in 2024, representing a year-on-year increase of +35%. These transactions demonstrate the clear polarization of rent and occupancy between Grade A buildings and outdated buildings. The total market vacancy rate reached 11.0%, while the vacancy rate in the CBD remained around 3.6%. The scarcity of available space has increased prime rents to €42.25/sqm/month (€40/sqm/month at December 2023).
Paris – Rental Market
Take-up in Paris reached 1,737,770 sqm, in 2024. The CBD and City Centre represented approximately 48% of the demand, reaching 832,000 sqm. The vacancy rate in the CBD stood at 4.3%, with Grade A asset availability at 1.0%. Prime rents for the best buildings in the CBD continue at €1,200/sqm/year (€1,070€/sqm/year at Dec23).
