Published at: 2016-07-13 11:17 | Author: report
Office take-up in Madrid increased by 110,00 sqm between April and June, up 26 percent y-o-y, according to BNP Poaribas Real Estate.
The latest data shows that 110 deals were signed during Q2. This is the seventh consecutive quarter where more than 100 contracts have been signed. Rents have also risen in Madrid’s four sub-zones by an average of 13 percent in annual terms to reached €15 per sqm per month. However, the city’s decentralized zone saw rents jump 30 percent y-o-y. BNP Paribas Real Estate predicts that the trend will continue in the second half of the year.
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