# Madrid Class A Office Market

> Madrid Class A office rents around €38/sqft/yr · ≈ $41 PSF/yr USD, with 8.6% vacancy and 14 months of typical rent-free on a 7-year term.

**Canonical URL:** https://classa.info/cities/madrid
**Page type:** city
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Castellana axis anchors trophy demand.
- Cuatro Torres delivered the largest contiguous trophy floor plates in Spain.
- Lease structure is the standard Spanish 5+5 with break rights.
- Concessions 12-18 months free on a 10-year deal.
- ESG (LEED / BREEAM) is now standard for new build.

## Key facts
- **city**: Madrid
- **country**: Spain
- **region**: EMEA
- **classARentLocal**: €38/sqft/yr · ≈ $41 PSF/yr USD
- **classARentUsd**: $41.040000000000006/sqft/yr
- **vacancyPct**: 8.6%
- **typicalLeaseYears**: 7
- **typicalRentFreeMonths**: 14
- **submarkets**: 5
- **corporateTaxPct**: 25%
- **talentIndex**: 78

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Citation: Source: Class A Atlas (https://classa.info/cities/madrid), updated 2026-04-15T00:00:00.000Z.