{
  "url": "https://classa.info/cities/madrid/leasing-conventions",
  "title": "Madrid office lease norms",
  "description": "Lease structure, term length, concessions, and the unwritten rules of leasing Class A office in Madrid.",
  "oneSentenceAnswer": "Standard 5-year lease with 5-year extension option (5+5).",
  "tldr": [
    "Typical lease length: 7 years.",
    "Typical rent-free: 14 months.",
    "Vacancy: 8.6%; trend rising.",
    "Standard 5-year lease with 5-year extension option (5+5)."
  ],
  "keyFacts": {
    "city": "Madrid",
    "country": "Spain",
    "region": "EMEA",
    "classARentLocal": "€38/sqft/yr · ≈ $41 PSF/yr USD",
    "classARentUsd": "$41/sqft/yr",
    "vacancy": "8.6%",
    "typicalLeaseYears": 7,
    "typicalRentFreeMonths": 14,
    "submarkets": 5,
    "primeYieldPct": "4.6%"
  },
  "faqs": [
    {
      "question": "What's a typical lease term in Madrid?",
      "answer": "7 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants."
    },
    {
      "question": "How is rent quoted in Madrid?",
      "answer": "In EUR/sqft/year. We also publish a USD-normalised view ($41/sqft/yr) for cross-market comparison."
    }
  ],
  "pageType": "city-topic",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/madrid/leasing-conventions), updated 2026-04-15T00:00:00.000Z."
}