Méndez Álvaro / Atocha is a prime-tier Madrid submarket with average asking rent around €32/sqft/yr · ≈ $34.6 PSF/yr USD.

  • Average asking rent: €32/sqft/yr · ≈ $34.6 PSF/yr USD.
  • Tier: prime.
  • 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 prime tier.

Méndez Álvaro / Atocha, Madrid office rents and availability

Méndez Álvaro / Atocha is a prime-tier Madrid submarket with average asking rent around €32/sqft/yr · ≈ $34.6 PSF/yr USD.

TL;DR

  • Average asking rent: €32/sqft/yr · ≈ $34.6 PSF/yr USD.
  • Tier: prime.
  • 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 prime tier.

Where rent sits

Méndez Álvaro / Atocha averages around €32/sqft/yr · ≈ $34.6 PSF/yr USD for Class A, against a citywide Class A index of 38. As a prime submarket, rent runs at or above city average with mostly tight availability.

Availability dynamics

Southern transport-hub Class A cluster. Energy, insurance, transport, technology, BPO.

Key facts

cityMadrid
submarketMéndez Álvaro / Atocha
tierprime
averageRentLocal€32/sqft/yr · ≈ $34.6 PSF/yr USD
cityClassARentUsd$41/sqft/yr
cityVacancyPct8.6%

Frequently asked questions

What is the average Class A rent in Méndez Álvaro / Atocha, Madrid?
Around €32/sqft/yr · ≈ $34.6 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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