# Madrid Class A office rents and incentives

> 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.

**Canonical URL:** https://classa.info/cities/madrid/rents-and-incentives
**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
- 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.

## 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%
- **trophyRent**: €45/sqft/yr · ≈ $48.6 PSF/yr USD
- **primeRent**: €32/sqft/yr · ≈ $34.6 PSF/yr USD

## FAQ
### What is the average Class A rent in Madrid?
Around €38/sqft/yr · ≈ $41 PSF/yr USD across the broader Class A index. Trophy submarkets like Castellana & AZCA command 20–40% above that.

### How many months of rent-free are normal in Madrid?
14 months on a 7-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

### Are rents rising or falling in Madrid?
The Madrid Class A market is currently rising. Vacancy is 8.6%, which sets the negotiating context.

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