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Spain Marketbeats

Marta Esclapés • 01/05/2022


Madrid. Market increase in take-up. The working model for office employees was not significantly impacted by the omicron variant at the beginning of the year. Although the majority of businesses once again prioritised remote working during January and February, this was not perceived as leading to uncertainty with respect to the split between time spent in the office and at home.

Demand remains committed to physical offices Take-up in Barcelona amounted to 92,400 sq m this quarter, representing a rise of 6.5% on the same period the previous year and an increase of 9% in comparison with the quarterly average for 2021 as a whole. Around 82 deals were struck, an increase of around 24% with respect to the quarterly average for 2021 and growth of some 18% when compared to the first quarter of 2021.


Madrid. Ecommerce remains the driver of logistics. The latest published data (September 2021) on e-commerce shows that e-commerce turnover increased by 15% in the third quarter of 2021 compared to the same quarter of 2021 and by 18% compared to the same quarter of 2019 (period preCovid19).

Barcelona. E-commerce driven by the pandemic. The statistics show is how consumer behavior and the structural transformation of e-commerce have changed: the consumption habits learned during the pandemic are part of the new reality and are expected to continue to consolidate in the coming quarters.


Spain closes the first quarter with volumes some 30% above the average for the previous five years
The quarter closed with an aggregate figure of €3.6 billion in terms of investment deals in Spain, some 30% above the first-quarter averages recorded over the past five years. Investment figures have bounced back, mainly within the Madrid office sector.


Uneven recovery (Prime and SuperPrime areas). Along with consumer savings levels at an all-time high, the rapid pace of vaccination has reactivated operators’ strategic plans, leading to growth in lease deals and increased turnover on the SuperPrime and Prime stretches of the main retail thoroughfares in Madrid and Barcelona.

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