Castellana & AZCA is a trophy-tier Madrid submarket with average asking rent around €45/sqft/yr · ≈ $48.6 PSF/yr USD.

  • Average asking rent: €45/sqft/yr · ≈ $48.6 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: €38/sqft/yr · ≈ $41 PSF/yr USD ($41 USD).
  • Citywide vacancy: 8.6% — submarket-level availability is typically tighter at trophy tier.

Castellana & AZCA, Madrid office rents and availability

Castellana & AZCA is a trophy-tier Madrid submarket with average asking rent around €45/sqft/yr · ≈ $48.6 PSF/yr USD.

TL;DR

  • Average asking rent: €45/sqft/yr · ≈ $48.6 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: €38/sqft/yr · ≈ $41 PSF/yr USD ($41 USD).
  • Citywide vacancy: 8.6% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Castellana & AZCA averages around €45/sqft/yr · ≈ $48.6 PSF/yr USD for Class A, against a citywide Class A index of 38. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

The historic CBD spine. Banking, corporate HQs, law firms, consulting.

Key facts

cityMadrid
submarketCastellana & AZCA
tiertrophy
averageRentLocal€45/sqft/yr · ≈ $48.6 PSF/yr USD
cityClassARentUsd$41/sqft/yr
cityVacancyPct8.6%

Frequently asked questions

What is the average Class A rent in Castellana & AZCA, Madrid?
Around €45/sqft/yr · ≈ $48.6 PSF/yr USD. The citywide Class A index sits at €38/sqft/yr · ≈ $41 PSF/yr USD.

Related

Editorial provenance

Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

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