Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Spain Marketbeats

Marta Esclapés • 02/11/2023
Cushman & Wakefield MarketBeat reports analyse quarterly Spain commercial property activity across office, retail and industrial real estate sectors including supply, demand and pricing trends at the market and submarket levels.


Madrid. Take up trending upwards with one quarter of 2023 to go

The third quarter of 2023 saw take up of around 131,400 sq m, slightly below the figure for the same period in 2022. The aggrega te total for 2023 (381,212 sq m) is some 3% down on the three first quarters of 2022 (392,929 sq m). Despite the softening, this demonstrates stability in the take up of office space in Madrid.

Barcelona. Demand prioritising asset quality and location

The third quarter of 2023 has seen the take up of office floorspace in Barcelona grow to approximately 39,000 sq m in around 70 transactions. Turning to districts, the New Business Areas and City Centre remain highly sought after by companies, cornering some 61% of the total. Demand continues to seek out quality. Some 54% of the floorspace transacted this quarter corresponded to A/B+.


Madrid. Well on the way to a third consecutive year with more than one million square metres transacted

Following a second quarter in 2023 in which the demand for logistics spaces softened, take up of 306,588 sq m was recorded for t he third quarter, representing a rise of 120% on the preceding quarter. This equates to an increase of 29% in take up in comparison with the same period in 2022.

Barcelona. Quality and location as key factors

In line with recent years, the take up of logistics floorspace in the Barcelona market reached close to 410,000 sq m during the first nine months of 2023, representing a total of 45 deals. Although the figure for the number of deals grew by some 27% this third quarter, take up amounted to around 70,000 sqm, a figure around 60% below that corresponding to the same period the preceding year.


Madrid, minimum available space

The overall vacancy rate by area of retail premises located in the prime and super prime areas of Madrid's main shopping streets stood at 4.5% at the end of June 2023, below the level of vacancy in the pre Covid19 era (5.3% in Q1 2020).

Barcelona, downward trend in vacancy rate

The global vacancy rate by area at the end of June 2023 in the prime and super prime of the main shopping streets in Barcelona is a 5.2% (2.8% before Covid)


Spain, one of the most active hotel investment markets in Europe

Spain remains one of the most active hotel investment markets in Europe, with €1.7Bn transacted during H1 2023, a 4.8% increase relative to H1 2022. Investors primariy focused on quality assets in prime urban and leisure destinations, with sovereign funds and other players with less reliance on debt driving the activity. From H2 onwards, we expect further growth, with the return of family offices and hotel chains, driven by the good performance of the Spanish hospitality sector.

If you want to know more about industry trends in EMEA, read our reports: Hospitality Outlook 2023, European Market Beat 2023 Q1 and European Operator Beat 2023 H1 – Initial Findings

current Marketbeats

Spain Office Market Data

Office Marketbeat is a summary of the Spain office property sector in key cities, providing comment on recent trends as well as market data and analysis.

Office Marketbeat Q3 2023

aerial view of logistics depot
Spain Industrial Market Data

Industrial Marketbeat is a summary of the Spain industrial and logistics property sector providing comment on recent trends as well as market data and analysis.

Industrial Marketbeat Q3 2023

Woman in coat walking on street and looking at shopping window
Spain Retail Market Data

Retail Marketbeat is a summary of the Spain retail high streets property sector in key cities, shopping centres and Retail Parks providing comment on recent trends as well as market data, analysis and investment.

Retail Marketbeat Q3 2023

Spain Hospitality Market Data

Hospitality Marketbeat is a summary of the Spain hospitality sector in key cities, providing comment on recent trends as well as market data and analysis

Hospitality Marketbeat H1 2023 -ENG

And not only insight. We can find the space you need

We can find for you the perfect office, logistic and retail space, to let, for sale or invest. Click here.


main streets across the world 2023

Main Streets Across the World 2023

In this 33rd edition of Main Streets Across the World, we’ll explore the near-term outlook for the retail sector; headline rent and ranking changes for best-in-class urban locations across the world; key indicators and global main street rankings; and key trends to watch such as the cost-of-living crunch, e-commerce and more.
Global MarketBeat Report Map

Spain Marketbeats

Cushman & Wakefield MarketBeat reports analyse quarterly Spain commercial property activity across office, retail and industrial real estate sectors including supply, demand and pricing trends at the market and submarket levels.
Marta Esclapés • 02/11/2023
Office Buildings
Research • Economy

European Glide Path Report

Our Report provides a synthesised view of the key themes and questions permeating the European capital markets landscape.
Sukhdeep Dhillon • 09/10/2023
Research • Workplace

Flex Report Spain 2023

As set out in this sixth joint annual survey, growth in the supply of flexible office space has been exponential in recent years.
Javier Bernades • 02/10/2023
Update Occipier

European Logistics & Industrial Occupier Activity

Availability of appropriate logistics and industrial space remains constrained despite marginal increases in availability rates in some markets.
Sally Bruer • 26/09/2023
European High Streets Ranking 2022 full report

European High Streets Traffic in 2022

Cushman & Wakefield and Mytraffic, the European leader in location analysis, released their 2nd edition of the report about the European High Streets Ranking. It analyzes the traffic of the main commercial streets in Europe between June 2021 and May 2022.
team working at a table

What Occupiers Want: Global Survey Results 2023

Highlights from this year’s What Occupiers Want report include perspectives on workplace design, global talent recruitment, flexible work and changes to real estate portfolios.
Fernando Arcos • 06/07/2023
Nearshoring Opportunities for Real Estate in EMEA
Research • Supply Chain

Nearshoring opportunities for businesses

Discover the advantages of nearshoring and how Cushman & Wakefield's team of experts can help businesses navigate the complexities of nearshoring. From site selection to managing real estate transactions, we can help you unlock the benefits of nearshoring. 
Sally Bruer • 06/06/2023
C&W Lobby
Research • Workplace

Office Fit Out Cost Guide

An office fit out refers to the process of designing and constructing an office space to meet the specific needs of the occupier. This can include everything from furniture and equipment to mechanical and electrical systems.
Insights • Workplace

European Obsolescence Equals Opportunity

Repositioning: The Evolution of European Offices 
Insights • Workplace

Transparency 22@ Barcelona

For the fifth consecutive year, 22@ played the leading role in the demand for office space in Barcelona in 2022, both on the user side and in terms of developers and investors.
Marta Esclapés • 13/03/2023
Luxury hotel room with double bed and flowers

Spain Hotels & Business May 2023

The Berlin IHIF is the perfect opportunity to share ideas with leaders in the hotel sector and gain first-hand knowledge of the trends and strategies that we will see in the coming months. Questex is the event organiser for the forum, held at Berlin’s InterContinental hotel as in previous years. This year will also see the return of Adjacent Spaces at The Pullman Hotel. This pop-up event will analyse alternative proposals and trends in the industry, including hostels, co-working, co-living spaces and serviced apartments.

Bruno Hallé • 22/12/2022


Looking for more historic or specific property market data? Get in touch.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All