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MADRID OFFICES MARKET RESEARCH Q1 2025

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MADRID OFFICES MARKET RESEARCH Q1 2025

Analysis of the office market in Madrid during the first quarter of 2025. Includes economic projections, demand and supply trends, and the impact of changes in space usage.

What is the economic prospect for Madrid in 2025? What changes are expected in the office market? How do changes in office usage affect availability?

The first quarter confirms the strength of the office property market in Madrid, driven by economic growth and the ECB’s interest rate cuts. Office supply is reduced due to changes in use towards residential, which raises prime rents to €40.50/sq m/month and keeps availability at a minimum (8.6%). Demand for space remains active with more than 120 transactions and absorption of 127,000 sq m. New deliveries planned for 2025 and 2026 are focused on refurbishments, while real estate investment remains solid, led by foreign capital and institutional funds. Prime yields remain stable at 4.75%, consolidating Madrid as a strategic hub for companies and investors.

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Enrique Rosa

Retail

With a degree in Business Administration and Management and a postgraduate degree from the United Kingdom, Enrique has developed his career in real estate and retail, participating in leasing operations, feasibility analyses, and market studies for commercial assets. In recent years, he has collaborated in the management and optimisation of spaces, as well as in negotiations with national and international operators, contributing to the structuring of commercial agreements. His profile combines analytical skills, strategic vision, and a strong commercial focus.

He stands out for his ability to build trusting relationships with clients and his results-oriented approach. With an international mindset and a commitment to continuous growth, he approaches each project with ambition, discipline, and commitment, always seeking to bring added value to both owners and operators.