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MADRID OFFICES MARKET RESEARCH Q4 2025

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MADRID OFFICES MARKET RESEARCH Q4 2025

With office availability in the area inside the M-30 at an historical low, what alternatives to the pressure in prime locations are companies seeking? Which areas are set to see the strongest recovery in the fourth quarter of 2025? Where are investors positioning themselves in Madrid’s office market?

We analyse in detail the evolution of demand and availability, record data on the supply of new office space and monitor any changes in rents within an extremely volatile economic environment and a demographic situation that is causing imbalances between supply and demand.

Demand for office rentals in Madrid ended the year on an upward trend, whilst availability within the M-30 ring road remains extremely tight, future supply remains limited and prime rents continue to rise due to pressure from demand and a shortage of space.

Office investment in Madrid ended the year at €1.37 billion, driven by institutional investors, with Q4 concentrated in a few transactions, a strong preference for income-generating assets and mixed-use projects, and a growing shift in interest towards decentralised areas due to the lack of prime stock and yields of 4.50%.

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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.