• Madrid’s office take-up stood at circa 142,000 sqm for Q3 2018, taking the total for the year so far up to 400,000 sqm.
  • The vacancy rate remained almost unchanged on the previous quarter, at 9.7% (1.22 million sqm).
  • The prime rent continues to climb, reaching €33.00 per sqm/month at the end of Q3, up 9% y-o-y.
  • Not including the Blackstone acquisition of the Hispania portfolio, investment in the office sector in Madrid hit €559 million.
  • The prime yields remain stable around 3.75% in the CBD while in the more consolidated areas outside the M-30 they are around 5.25%.