MADRID OFFICE MARKET RESEARCH | Q2 2026. THE STATE OF THE OFFICE MARKET IN MADRID: ECONOMIC ENVIRONMENT, DEMAND, SUPPLY AND INVESTMENT
The evolution of the Madrid office market during the second quarter of 2026 reflects an environment marked by economic stability, the transformation of workspaces, and growing selectivity among companies and investors. In a global context shaped by geopolitical uncertainty and technological advancements, the Spanish economy maintains a solid trajectory that continues to support business activity and the demand for corporate spaces.
This report analyses the main trends shaping the office sector in Madrid and Spain, including the evolution of demand, space availability, rent performance, and investment activity. The market continues to show a clear preference for high-quality buildings and strategic locations, while the supply of modern product remains limited, especially in the most consolidated and competitive areas.
Furthermore, the study examines investors’ sustained interest in office assets, driven by the search for opportunities in an environment of product scarcity and high liquidity. The report also addresses the challenges and opportunities posed by changes of use, residential market pressure, and the potential implications of interest rate trends and regulation.
Download the pdf to gain an in-depth understanding of the dynamics, trends, and perspectives that will define the future of the office market in Madrid and Spain.
