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Spain’s Retail Market Strengthens Its Investment Appeal
Shopping centres and retail parks accounted for 70% of total volume. Sales in these assets increased by 3%, while footfall rose by 3.3%.
By category, health and beauty once again ranked as the best-performing segment, with cumulative growth of 4.3%.
On High Street locations, leasing activity remained strong, with availability at a historic low of 2.7% and prime rents rising 6% year-on-year.
Marta Esclapés • February 09, 2026
Real estate investment in Catalonia
Including corporate transactions, total investment volume would have been exceptionally strong. The hotel sector was the leading driver of investment in Catalonia, achieving its best performance in recent years. It was followed by the office segment, which also recorded significant growth compared with the previous period
Marta Esclapés • February 08, 2026
Madrid and Barcelona record more than 1million sqm leased
Madrid’s logistics market closed 2025 with a leasing volume of 900,000 sqm and more than 80 transactions. Prime rents stand at €7.00/sqm/month, 4% higher than the previous year.
In Barcelona, logistics leasing reached 570,000 sqm in 2025, spread across more than 40 transactions, in line with the average of the last five years. Prime rents continued their upward trend, reaching €9/sqm/month, up 6%.
Marta Esclapés • February 05, 2026
Hotel Barometer produced by STR and Cushman & Wakefield End of the 2025 Financial Year
Revenue per available room (RevPAR) for Spanish hotels stands at an average of €125.4 in 2025, 5.5% higher than in 2025.
Marta Esclapés • February 02, 2026
Revenue per available room (RevPAR) for Spanish hotels stands at an average of €125.4 in 2025, 5.5% higher than in 2025
The average price for a night in a Spanish hotel has reached a new all-time high, standing at €166.1 in 2025, up 4.8% from the €158.5 recorded in 2024. Growth has been close to 10% in destinations such as the Balearic Islands, Marbella, Benidorm, and Zaragoza.
Hotel occupancy across Spain in 2025 was 75.5%, 0.7% higher than in 2024, reflecting a move toward positive stability at the upper end of the indicator’s historical range. The highest annual occupancy was recorded in Málaga at 82.4%, followed by the Canary Islands at 81.5%.
Madrid continues to show very strong performance, with ADR increasing by 5.3% and RevPAR by 6.4%, while Barcelona remains stable, with the same occupancy as in 2024 and a very slight decline, of less than 1%, in prices and revenue.
Marta Esclapés • February 02, 2026
Pere Morcillo has been appointed International Partner
The real estate consultancy has promoted Pere Morcillo to International Partner in recognition of his contribution to the development and consolidation of the Industrial & Logistics business line, one of the firm’s strategic sectors.
Jenny Pizarro • January 28, 2026
Madrid and Barcelona Consolidate the Strength of the Office Market
The Madrid office market closed 2025 surpassing 500,000 m² of leased space for the second consecutive year, with a particularly dynamic final quarter in which more than 130,000 m² were leased. Year-end figures reflect a market context dominated by large corporate transactions, alongside a steady flow of deals mainly linked to the training and education sector.
Marta Esclapés • January 19, 2026
European real estate enters a new cycle
Spain is consolidating its position as one of the European markets with the greatest growth potential in the logistics and living sectors heading into 2026, with prime logistics rents forecast to increase by 2.2% and residential rents by 5.3%, outperforming other major markets across the continent.
Madrid stands out as one of Europe’s most dynamic retail markets, alongside Milan and Paris.
The country leads capital attraction in the European hotel sector, supported by strong tourism prospects and a context of rising investment volumes, which are expected to exceed €27 billion across Europe in 2026.
Marta Esclapés • January 13, 2026
Barcelona to host Nocco, Europe’s first office building aiming for Living Building Challenge certification
Nocco is a project by Patrizia and Urban Input that responds to a new way of understanding workspaces, through an innovative and unconventional perspective that redefines how we work and connect. Cushman & Wakefield is exclusively marketing the property.
Jenny Pizarro • August 14, 2025
New Winds Group acquires an office building from Principal Asset Management in San Sebastián de los Reyes
Cushman & Wakefield exclusively advised New Winds Group on this off-market transaction.
Jenny Pizarro • August 13, 2025
Sales in shopping centers grow by 2.7% and footfall by 2.9% in the first half of the year
According to data from Cushman & Wakefield, during the first half of the year, sales in Spain’s shopping centers grew by 2.7%, while visitor footfall increased by 2.9%.
Marta Esclapés • August 13, 2025
Investor interest in “living” grows in Spain and reaches one third of total real estate investment
Residential real estate is consolidating as one of the main investment magnets in Spain, in a context marked by limited supply, new urban living models, and a macroeconomic environment showing signs of strength.
Marta Esclapés • August 12, 2025
