In cumulative annual terms, the rental of office space in Barcelona amounted to almost 160,000 m2 during 2020, an atypical year due to the outbreak of the pandemic. That figure represents a drop of 60% compared to 2019 and is “around 50% below the average for the last five years”, according to data provided by the consultancy CBRE.
Hopes are being pinned on the recovery that was experienced during the last quarter of the year when almost 49,000 m2 of office space was rented – that was the highest quarterly take-up figure during 2020, a year dominated by Covid. Even so, according to the firm, “it was still 30% below the same period a year earlier”.
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