The office market in Madrid is preparing for the future after the Covid-19 lockdown. After causing significant changes to work methods worldwide, the coronavirus pandemic has trained a spotlight on companies’ real estate policies, forcing the implementation of accelerated teleworking systems and reviewing office occupancy levels to avoid contagion.
These changes, together with a deep economic crisis, have had an enormous impact on the Spain principal office markets, where office space contracting is expected to fall by 50% this year compared to the year before, according to the consultancy CBRE.
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