# Madrid office lease norms

> Standard 5-year lease with 5-year extension option (5+5).

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

## TL;DR
- 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).

## Key facts
- **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%

## FAQ
### What's a typical lease term in Madrid?
7 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.

### How is rent quoted in Madrid?
In EUR/sqft/year. We also publish a USD-normalised view ($41/sqft/yr) for cross-market comparison.

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