Oficinas-Barcelona

Barcelona’s office market closes 2019 with record numbers

Barcelona’s office market beat rental records in 2019 with 1.822 billion euros in investment according to the “MarketBeat Offices Barcelona” report from Cushman and Wakefield. Likewise, 402,000 m² in office space was rented, 4% more than in 2018 and 10% above the mean in the past 5 years. Furthermore, rentals of flexible spaces are gaining ground in Barcelona and now account for 20% of all office space rented, as opposed to 11% in 2018.

By zones, the New Business Areas are the home to a whopping 54% of the area rented, while the Periphery accounts for 22% and the remaining 24% is in the City Center and the CBD (Central Business District), which reveals the lack of availability in these highly sought-after zones.

Demanda-de-oficinas-por-zonas

An increasingly small amount of space is available, with the availability rate under 4.5%. Barcelona currently has 283,000 m² in office space, but only 43,000 m² is in the City Center, which is just a 1.7% vacancy rate. In the CBD, less than 3% of the office space is vacant.

SOURCES
“Marketbeat Oficinas Barcelona” de Cushman Wakefield

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