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Office Market to Capture 33% of the Sector’s Investment this Year

Despite the impact of the Covid-19 pandemic on the office sector, roughly 400,000 square metres of office space will be taken up in Barcelona this year. In comparison, companies in Madrid will likely take up another 550,000 square metres, according to FIABCI.

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The office market, like most sectors, has succumbed to the coronavirus pandemic. The implementation of teleworking together with the consequences of the economic crisis has caused a significant drop in the take up of new office space.

As a consequence, the absorption volume during the first semester fell to 131,000 square meters in Madrid and 86,000 square meters in Barcelona, according to data from Cushman & Wakefield.

Read the full article in Spanish

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