Of the 500,000 m2 of office space that will be added to the market in the Spanish capital, 310,000 m2 is located outside of the M-30, accounting for 62% of all new construction, according to the Madrid Office Study published by the consulting firm Savills Aguirre Newman, and reported by Eje Prime.
The shortage of high-quality product has meant that 31% of future projects – 116,000 m2 – has already been committed. Although that figure is expected to increase, according to data from Savills Aguirre Newman.
