Madrid Office Market Dynamics, Q1 2025
Summary and analysis of Madrid's current office real estate market conditions.
- Monica gracia
Madrid recorded 139,218 sq.m. of office leasing during the first quarter of 2025. This figure represents only a 4% decrease compared to the previous year, reflecting moderate stability in the office rental market.
The CBD and Decentralized areas continue to capture a large portion of the major deals for the quarter. Notable transactions include the lease by Álvarez & Marsal at Pº Castellana 89, and OHLA's occupancy at Manoteras 20.
Office investment in the capital rebounds considerably during the first quarter, exceeding €200 million, significantly higher than the first quarter of the previous year. Change of use has capitalized on a large part of the investment volume, accounting for 63% of the total invested.
