The Relocation project has analyzed and produced a brief overview of the Madrid office real estate market in the first half of 2025. In the first half of 2025, Madrid confirmed its status as one of Southern Europe’s key business centers, remaining an attractive market for investors and tenants. Despite high inflation in the eurozone and ongoing geopolitical risks, the city’s office real estate market is showing moderate growth and maintaining a high level of activity in the premium segment.
The average rental rate for Class A offices in Madrid’s central business district (CBD) in June 2025 was €36-39 per sq. m per month, 3-4% higher than in the same period last year. In areas outside the CBD, including the Atocha and Chamartín districts, rates remain between €22 and €28 per sq. m.
The growth in rentals is mainly due to a shortage of high-quality modern space and increased demand from international companies in the IT, consulting, and finance sectors.
The average purchase price of office real estate in Madrid in the first half of 2025 was €4,200–4,800 per sq. m in central areas. In suburban areas (Alcobendas, Las Rosas, San Sebastián de los Reyes), prices range from €2,200 to €2,800 per sq m.
Deals with investment funds and REITs remain a key driver: in the first half of the year, several large office building renovation projects entered the market, and investment in the sector is estimated at €1.6–1.8 billion, 12% more than in the same period in 2024.
According to CBRE Spain analysts, companies are increasingly abandoning old spaces in favor of offices with energy efficiency certification (BREEAM, LEED). The share of such spaces in the transaction structure reached 45%, indicating growing interest in sustainable development.
Jones Lang LaSalle (JLL) notes that demand for coworking spaces and flexible office solutions in Madrid has grown by 15% compared to last year. This format is particularly popular among startups and branches of international corporations expanding their presence in Spain.
Office rental rates in Madrid are expected to continue their moderate growth of 2–3% in the second half of 2025, especially in the premium segment. According to Knight Frank experts, purchase prices will fluctuate within current levels, but investor interest will remain strong thanks to stable demand and limited supply of new space.
In the medium term, the Madrid market will remain a benchmark for investors in Southern Europe: its combination of high quality of life, developed infrastructure, and growing number of international companies makes it one of the most resilient office markets in the region.
Source: http://relocation.com.ua/madrid-office-real-estate-market-results-for-the-first-half-of-2025/
Madrid in the first half of 2025 confirmed its status as one of the key business centers of Southern Europe, remaining an attractive market for investors and tenants. Despite high inflation in the eurozone and ongoing geopolitical risks, the city’s office real estate market shows moderate growth and maintains a high level of activity in the premium segment.
Prices and rental dynamics
The average rental rate for Class A offices in Madrid’s central business district (CBD) in June 2025 was €36-39 per sqm per month, 3-4% higher than in the same period last year. In areas outside the CBD, including the Atocha and Chamartin districts, rates are holding between €22-28 per sqm.
The rental growth is mainly due to the shortage of quality modern space and increased demand from international companies in the IT, consulting and finance sectors.
Sales market
The average purchase price of office properties in Madrid in the first half of 2025 was €4,200-4,800 per sqm in central areas. In suburban areas (Alcobendas, Las Rosas, San Sebastian de los Reyes), prices range from €2,200 to €2,800 per square meter.
Deals with investment funds and REITs remain a key driver: in the first half of the year, several large office building renovation projects entered the market, and the volume of investment in the sector is estimated at €1.6-1.8 billion, 12% more than in the same period in 2024.
Expert opinions
According to CBRE Spain analysts, companies are increasingly abandoning old premises in favor of offices with energy efficiency certification (BREEAM, LEED). The share of such areas in the structure of transactions reached 45%, indicating a growing interest in sustainable development.
Jones Lang LaSalle (JLL) notes that demand for co-working and flexible office solutions in Madrid has increased by 15% year-on-year. Startups and branches of international corporations that are expanding their presence in Spain are particularly active using this format.
Forecast
Office rental rates in Madrid are expected to continue their moderate growth of 2-3% in the second half of 2025, especially in the premium segment. Purchase prices, according to Knight Frank experts, will fluctuate within the current values, but investor interest will continue due to stable demand and limited supply of new space.
In the medium term, the Madrid market will remain a benchmark for investors in Southern Europe: the combination of high quality of life, developed infrastructure and a growing number of international companies makes it one of the most stable office markets in the region.
http://relocation.com.ua/office-real-estate-market-in-madrid-results-first-half-2025/
Former Ukrainian politician Andriy Portnov was shot dead near an American school in Madrid, Reuters reports, citing a source close to the investigation.
“An unknown armed man or men shot and killed former Ukrainian politician Andriy Portnov on Wednesday morning at the gates of an American school in the affluent Madrid neighborhood of Posuello,” Reuters reported on its website on Wednesday.
According to the report, police received information about the shooting at 9:15 a.m. (7:15 a.m. GMT) local time. At the same time, Madrid police did not name the victim.
Reuters also writes that radio station Cadena SER reported that the man was taking his children to school when he was shot.
Politician and lawyer Andriy Portnov (born 1973) was a member of the Ukrainian parliament in the 5th and 6th convocations (2006-2007, 2007-2010). From April 2010 to February 2014, he was head of the Main Department for Judicial Reform of the Presidential Administration of Viktor Yanukovych and deputy (from January 24, 2014, first deputy) head of the Presidential Administration of Ukraine.
Since December 2021, Portnov has been under US sanctions for influencing the courts. According to journalists from the Schemes program, Portnov left Ukraine in June 2022.
Nova Poshta, the leader in express shipping in Ukraine, has opened a branch in Madrid, the seventh city where the company has a presence with stationary offices in Spain, the company’s press service said.
According to the company’s announcement on Friday, Nova Poshta plans to expand its network in southern Spain, with new offices to open in Benidorm, Marbella, and Valencia.
“Nova Poshta has opened a branch in the Spanish capital of Madrid. The new service point is located in Madrid at: C. del Cañaveral, 95, Bajos 1, 28029. Here you can quickly send and receive documents and parcels weighing up to 30 kg and measuring up to 120×70×70 cm,” the company’s press service said.
According to the CEO of Nova Post in Spain, Sergey Karputev, the next step is to expand its network to the south of Spain.
“We plan to open branches in Benidorm, Marbella and another in Valencia,” Karputev said.
He noted that over 18.5 thousand customers use Nova Poshta services in Spain, including more than 350 businesses.
Madrid has become the seventh city in Spain where Nova Poshta has a presence with stationary offices. Since 2024, the company has opened branches in Barcelona, Valencia, Alicante, Torrevieja and Málaga.
“Nova Poshta delivers packages to any address in Madrid, across Spain, and to 17 European countries. Recently, Nova Poshta launched delivery to Portugal. Delivery time from Ukraine to Spain is 5 days or more.
In Madrid, law enforcers arrested 5 members of the criminal network, which was engaged in the illegal export of cultural property from Ukraine, during the arrest were seized 11 gold items worth more than €60 million, reports the National police of Spain.
“Operatives arrested five people, thus eliminating the criminal network engaged in the illegal export of cultural property from Ukraine. The seized items – gold jewelry of great historical and economic value – were stolen, illegally exported and were to be sold in Madrid,” reads the report published on the website of the Spanish police on Monday.
The investigation was reportedly carried out with the participation of the attachés for internal affairs of Bulgaria, Ukraine, Albania, Northern Macedonia and Cyprus, as well as the International Cooperation Division.
The investigation found that the criminals, in order to conceal the origin of the jewelry, accompanied them with documents in Ukrainian, English and Spanish, which confirmed their belonging to the Ukrainian Orthodox Church.
At the same time, the defendants transferred ownership and the right to dispose of them to the main suspect in the case, an Orthodox priest who lives in Madrid.
Investigators first seized the gold belt with rams’ heads from the main suspect in 2021, when the priest tried to sell it privately to a businessman in Madrid.
Thanks to cooperation with the Security Service of Ukraine, the Spanish police established that the jewelry, which was placed as exhibits at an exhibition held in a museum in Kiev between 2009 and 2013, fell into the hands of the priest, who in collusion with a second person of the same nationality and with the help of third parties forged documents confirming the origin of cultural property and accreditation of its owner.
As a result of the investigation, it was found that the jewelry was illegally exported from Ukraine until May 2016.
It is noted that all seized items belong to the Greco-Scythian culture VIII-IV centuries BC, at the moment they are under study in the National Archaeological Museum and the Spanish Institute of cultural heritage.
Law enforcers are continuing their investigation.
Kyiv Mayor Vitaliy Klitschko and Madrid Mayor Jose Luis Martinez-Almeida have signed an agreement on twinning between the two cities, the press service of the Mayor of Kyiv has reported.
“Today, a memorandum of twinning between our cities was signed with the mayor of Madrid, Jose Luis Martinez-Almeida. Madrid became the first Spanish sister city of Kyiv. This is a historic event for our cities and it happened during the historic NATO summit, which is taking place these days in Madrid,” Klitschko said.
He noted that when signing the agreement, several joint projects of Kyiv and Madrid were planned.
“I thank our Western partners, our Spanish partners for supporting Ukraine at this critical time for it. And I am convinced that our cooperation with Madrid will be effective and beneficial for our capitals. Today Madrid accepts refugees from Ukraine, provides humanitarian assistance to Kyiv and Ukraine. We also discussed many projects that we plan to jointly implement in the Ukrainian and Spanish capitals,” Klitschko summed up.
