---
title: "Castellana & AZCA, Madrid — Class A submarket"
description: "The historic CBD spine."
canonical: https://classa.info/cities/madrid/castellana-azca
pageType: neighborhood
lastUpdated: 2026-04-15T00:00:00.000Z
license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)."
---

> Castellana & AZCA is a trophy-tier Class A submarket of Madrid with average asking rent around €45/sqft/yr · ≈ $48.6 PSF/yr USD.

## TL;DR

- Historic CBD spine.
- Banking and corporate HQ tilt.
- Strong Metro and bus access.

# Castellana & AZCA, Madrid — Class A submarket

*The historic CBD spine.* · Tier: trophy · Avg rent: €45/sqft/yr · ≈ $48.6 PSF/yr USD

## TL;DR

- Historic CBD spine.
- Banking and corporate HQ tilt.
- Strong Metro and bus access.

## Overview

Paseo de la Castellana and the AZCA cluster anchor Madrid's trophy office market. Banking, professional services, and corporate HQs concentrate here.

## Tenant profile

Banking, corporate HQs, law firms, consulting.

## Typical specification

20-40,000 sqft floor plates.

## Transit

Nuevos Ministerios (Lines 6/8/10), Cuzco (Line 10).

Strong Metro coverage.

## Amenities

Santiago Bernabéu, Castellana retail.

## Comparable buildings

- **Torre Picasso** [](https://www.google.com/maps/search/?api=1&query=Torre%20Picasso%2C%20Plaza%20de%20Pablo%20Ruiz%20Picasso%201%2C%2028020%20Madrid%2C%20Castellana%20%26%20AZCA%2C%20Madrid%2C%20Spain&query_place_id=ChIJL9jJTgApQg0R4XsFQQ88RRs)

## Where Castellana & AZCA sits in Madrid

Castellana & AZCA is one of 5 [Class A](/glossary/class-a) submarkets we cover in Madrid, classified as [trophy tier](/topics/trophy-asset-selection) with an average asking rent around €45/sqft/yr · ≈ $48.6 PSF/yr USD. Compared with the broader Madrid Class A stock, Castellana & AZCA typically attracts Banking, corporate HQs, law firms, consulting and competes most directly with the city's other trophy submarkets on building specification, transit access, and [amenitisation](/glossary/amenitisation).

Adjacent submarkets to study alongside Castellana & AZCA: [Cuatro Torres](/cities/madrid/cuatro-torres), [Las Tablas & Arroyofresno](/cities/madrid/las-tablas-arroyofresno), [A-1 / Las Tablas](/cities/madrid/a-1-corridor), [Méndez Álvaro / Atocha](/cities/madrid/mendez-alvaro). The full Madrid submarket atlas is at [/cities/madrid](/cities/madrid).

## Topic deep-dives for Castellana & AZCA

For an institutional Class A occupier evaluating Castellana & AZCA, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:

- [Castellana & AZCA — ](/cities/madrid/castellana-azca/rents-and-availability)
- [Castellana & AZCA — ](/cities/madrid/castellana-azca/tenant-profile)
- [Castellana & AZCA — ](/cities/madrid/castellana-azca/transit-and-commute)
- [Castellana & AZCA — ](/cities/madrid/castellana-azca/amenity-and-lifestyle)
- [Castellana & AZCA — ](/cities/madrid/castellana-azca/trophy-and-comparables)
- [Castellana & AZCA — ](/cities/madrid/castellana-azca/fit-out-and-spec)

## Related glossary

Terminology specific to Madrid Class A leasing and to the trophy tier: [Class A](/glossary/class-a), [Trophy asset](/glossary/trophy-asset), [Effective rent](/glossary/effective-rent), [Concession package](/glossary/concession-package), [TI allowance](/glossary/ti-allowance), [Submarket tier](/glossary/submarket-tier).

## Editorial provenance

Reviewed by [**Samuel Okafor**](/about/authors/samuel-okafor) — EMEA contributing editor. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards).

### Primary sources for this page

- [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE
- [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL
- [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield
- [Savills World Research](https://www.savills.com/research_articles/) — Savills
- [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers

[Full sources index](/about/sources) · [Submit a correction](/about/corrections)

## Related topics

- [**Class A Lease Negotiation**](/topics/class-a-lease-negotiation) — How to negotiate a Class A office lease — the playbook from LOI to signed deal.
- [**Hybrid Workplace Strategy**](/topics/hybrid-workplace-strategy) — How to size, structure, and lease a Class A office for a hybrid workforce.
- [**ESG / LEED for Tenants**](/topics/esg-leed-tenants) — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease.
- [**Cross-border Expansion**](/topics/cross-border-expansion) — How to run a coordinated Class A office search across multiple geographies.
- [**Fit-out Capex**](/topics/fit-out-capex) — How to budget, sequence, and govern Class A office [fit-out](/topics/fit-out-capex)">fit-out capex.
- [**Lease vs Flex**](/topics/lease-vs-flex) — When premium flex (coworking, [managed office](/glossary/managed-office)) beats a conventional Class A lease — and vice versa.

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