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The Office Market Beyond the M-30 in Madrid will Grow by 310,000 m2 in 2 Years

Torre Chamartín Cuatro Torres Madrid. Merlin Properties
The Cuatro Torres in Madrid.

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.


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