{
  "url": "https://classa.info/cities/madrid/rents-and-incentives",
  "title": "Madrid Class A office rents and incentives",
  "description": "Class A asking rents, concessions, free rent, and tenant improvement allowances in Madrid.",
  "oneSentenceAnswer": "Headline Class A rent in Madrid is around €38/sqft/yr · ≈ $41 PSF/yr USD, with 14 months of typical rent-free on a 7-year term.",
  "tldr": [
    "Headline Class A rent: €38/sqft/yr · ≈ $41 PSF/yr USD.",
    "Trophy submarket rents (Castellana & AZCA) push to roughly €45/sqft/yr · ≈ $48.6 PSF/yr USD.",
    "Typical concessions on a 7-year deal: 14 months free rent.",
    "Vacancy stands at 8.6% — market trend is rising.",
    "Use effective rent (face minus PV of concessions), not headline, to compare deals."
  ],
  "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%",
    "trophyRent": "€45/sqft/yr · ≈ $48.6 PSF/yr USD",
    "primeRent": "€32/sqft/yr · ≈ $34.6 PSF/yr USD"
  },
  "faqs": [
    {
      "question": "What is the average Class A rent in Madrid?",
      "answer": "Around €38/sqft/yr · ≈ $41 PSF/yr USD across the broader Class A index. Trophy submarkets like Castellana & AZCA command 20–40% above that."
    },
    {
      "question": "How many months of rent-free are normal in Madrid?",
      "answer": "14 months on a 7-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher."
    },
    {
      "question": "Are rents rising or falling in Madrid?",
      "answer": "The Madrid Class A market is currently rising. Vacancy is 8.6%, which sets the negotiating context."
    }
  ],
  "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/rents-and-incentives), updated 2026-04-15T00:00:00.000Z."
}