Spain Look for My account Menu > Publications Future offer 3T2021 PUBLICATION How many square meters are going to be incorporated into the Madrid office park? 15 NOVEMBER 2021 ARTICLES CONTACT During the last quarter of the year, the incorporation of almost 80,000 m² of new and rehabilitated surface to the Madrid office park is expected. It represents 31% of the total planned for 2021, since some works were delayed at the end of the year after a summer in which only three projects were delivered. Among the works that will finish before 2022, the new development of Torre Rioja stands out, the Ed. Om Infinito, in MadBit, the most voluminous project of the whole year with its 36,500 m² of surface (it represents 46% of the total future supply in Q4 21). Activity in new and renovated buildings is a key driver of rental growth. By zones, four of the nine projects that will be completed between October and December 2021 are developed in urban areas, and they add up to a total of 24,000 m² (30% of the total). The rehabilitation of Velázquez 86D is the most outstanding, since it will contribute 16,300 m² to the office stock, of which 88% enter empty. Méndez Álvaro, within the M-30, and MadBit, outside the central almond, continue to be the two submarkets with the greatest promoter projection of the office market in the capital. During 2022, 30% of the total new and rehabilitated surface will come from these areas. An exceptional case is that of Arturo Soria, who will contribute 27% for the two new buildings in Mesena 80 (the aforementioned new Acciona headquarters, and the Values Tower, of more than 17,000 m²). CURRENT AVAILABILITY Available supply declines for the first time after six consecutive quarters of growth. As of October 1, the Madrid market has almost 1.33 million empty square meters, which represents a 2% drop compared to 2Q, and places the vacancy rate at 9.50% (the same level as at first quarter closing). A diferencia del primer semestre, y de lo estimado para 4T 21, entre julio y septiembre se han incorporado solo 21.600 m² al stock de oficinas, provenientes de tres obras de rehabilitación. De ellos, tan solo el 2,5% ha entrado vacío, con lo que apenas han sumado espacio disponible al mercado. Además, el buen comportamiento de la demanda ha contribuido también a la reducción de la desocupación. Terciario EN VENTA Locales comerciales Naves industrial logístico Oficinas EN ALQUILER Coworking Locales comerciales Naves industrial logístico Oficinas Residencial EN VENTA Obra nueva Propiedades en España Internacional Propiedades en venta en Europa Propiedades en venta en UK Propiedades en venta en América Oficinas Madrid Barcelona Malaga Valencia Encuentra nuestras oficinas en el mundo Servicios y sectores SERVICIOS Alquiler Arquitectura Comprar o vender Consultoría Facility Management Gestión de inmuebles Inversión Research Servicios para usuarios Valuations and Appraisals Town planning SECTORS Malls Coworking and flexible offices Healthcare Hotels Industrial Logistics Commercial premises Offices Residential Student residences Senior residences Mixed Use More information Site Map RSS Accessibility Feedback Terms and Conditions Privacy and Cookies Contact us Find an office Find a person Work with us Contact Form Investor Relations All content © copyright 2021 Savills Aguirre Newman. All rights reserved. FOLLOW US ON: Twitter LinkedIn Instagram Youtube