TOC / sq ft / yr
Under $60
$60 – $120
$120 – $200
Over $200
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Madrid Office Occupancy Costs
Total occupancy cost for Grade A office space in Madrid (CBD/Paseo de la Castellana) is €74.75 per sq ft (€805 per sq m) per year. Office rent is €32.92 per sq ft (€354 per sq m). The total includes rent, service charge, business rates, fit-out, facilities management, utilities and exit costs.
| Submarket | Rent / sq ft | Rent / sq m | Total cost / sq ft | Total cost / sq m |
|---|---|---|---|---|
| CBD/Paseo de la Castellana | €32.92 | €354 | €74.75 | €805 |
| Salamanca | €33.34 | €359 | €74.09 | €798 |