Summary and analysis of Madrid's current office real estate market conditions.
Insight
Madrid Office Market Dynamics, Q2 2025
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Madrid achieved 292,904 sq.m. of office take-up during the first half of 2025. This figure represents a significant improvement compared to the previous period, showing 15% growth year-on-year.
The CBD and Decentralized areas concentrated the majority of the semester's demand, accounting for 80%, primarily driven by recent large transactions along the A-1 corridor. Notable deals include a construction company leasing 4,314 sq.m. in Foresta 8, Insud Pharma's occupation in Bruselas 8, and an energy company's acquisition of 6,533 sq m in Serrano Galvache 56.
81% of the total investment volume was closed in the second quarter of 2025, reflecting a consolidated recovery of investment activity after months of restraint.