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The Public Administration Leases More Than 30,000 m2 of Office Space in Madrid

Operations by the public entities accounted for 25% of the 115,000m2 of space leased between July and September, according to Knight Frank.

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During the third quarter of 2020, approximately 115,000 square metres of space was leased in the Madrid office market, of which 30,000 m2 corresponded to operations carried out by the Public Administration. That figure represents about 25% of the total volume registered between July and September 2020, according to a report by Knight Frank.

In terms of office moves, the transfer of the National Institute of Statistics (INE) to its new corporate headquarters in the Albor Plaza building, in the Manoteras business district of Madrid, stands out. The estimated rental price for the new building is 259,190 euros per month.

Read the full article in Spanish.

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