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The Leasing of Coworking Spaces Plummets to 2012 Levels Due to Covid

During 2020, only 2,800 square metres of coworking space was rented in Madrid and 4,500 m2 in Barcelona, which represents a sharp drop compared to the 150,000 m2 leased in 2019.

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In 2020, the office and coworking space segment recorded one of the worst years in terms of leasing and investment, both nationally and globally. The paralysis of the economy around the world and the introduction of remote working due to the pandemic dealt a severe blow to the sector.

After several years of annual growth, the leasing of flexible office space fell to levels similar to those last seen in 2012. Specifically, during 2020, only 2,800 square metres of coworking space was rented in Madrid and 4,500 m2 in Barcelona, which represents a sharp decline compared to the 150,000 m2 leased a year earlier in the two cities, according to a report from JLL.

Read the full article in Spanish.

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