Informe
Madrid Office Market Dynamics, Q4 2024
Summary and analysis of Madrid's current office real estate market conditions.
21 de enero de 2025
Autores:
- Alberto Román
Madrid recorded 132,000 sq.m. of office take-up during the fourth quarter of 2024, bringing the annual total to 564,000 sq.m. This figure represents a 25% increase compared to the previous year, indicating a recovery trend towards the usual volumes of the Madrid office market.
Among the main transactions, the lease by Ernst & Young at Calle Orense 2 stands out, where they fitted out the 'EY Campus', a project that revolutionises their current work model.
Office investment in 2024 increased by 29% at the national level; in Madrid, change of use represents 42% of the total invested throughout the year.
