--- title: "Asset management office space in Madrid" description: "Where asset management occupiers cluster in Madrid, what they pay, and what the typical fit-out looks like." canonical: https://classa.info/cities/madrid/industries/asset-management pageType: city-industry lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > Asset management occupiers in Madrid typically cluster in Castellana & AZCA, plan ~230 sqft per seat at trophy fit-out ($235–350/sqft), and pay around 38 EUR/sqft ($41 USD) on Class A. ## TL;DR - Preferred submarket: Castellana & AZCA. - Typical fit-out spec: Trophy ($235–350/sqft). - Plan ~230 sqft per seat for headcount sizing. - Class A rent context: 38 EUR/sqft ($41 USD). - Typical lease: 7 years with 14 months rent-free. - Talent depth in Madrid: 78/100. # Asset management office space in Madrid **Asset management occupiers in Madrid typically cluster in Castellana & AZCA, plan ~230 sqft per seat at trophy [fit-out](/topics/fit-out-capex)">fit-out ($235–350/sqft), and pay around 38 EUR/sqft ($41 USD) on [Class A](/glossary/class-a).** ## TL;DR - Preferred submarket: Castellana & AZCA. - Typical fit-out spec: Trophy ($235–350/sqft). - Plan ~230 sqft per seat for headcount sizing. - Class A rent context: 38 EUR/sqft ($41 USD). - Typical lease: 7 years with 14 months rent-free. - Talent depth in Madrid: 78/100. ## Where they cluster Asset management occupiers in Madrid typically anchor in Castellana & AZCA. Banking, corporate HQs, law firms, consulting. ## What they pay Class A rent in Madrid runs 38 EUR/sqft ($41 USD) on a 7-year lease with 14 months free. Trophy submarkets command a 20–40% premium above the city index. ## Spec and fit-out Typical asset management fit-out targets trophy specification at $235–350/sqft. Bespoke design, signature feature, top-tier MEP and acoustic packages are standard. ## Headcount sizing Plan around 230 sqft per seat blended (workstation + circulation + amenity). A 100-headcount asset mgmt office in Madrid typically targets 23,000 sqft of leasable area. ## Talent angle Portfolio teams cluster around private-banking corridors; family-office tenancy keeps boutique trophy stock tight. Iberian peninsula's deepest financial-services and tech talent pool. Average all-in compensation indexes 78. ## Tax and lease context Headline corporate tax: 25%. Standard 5-year lease with 5-year extension option (5+5). Rent indexed to CPI annually. Service charges billed separately. Tenant typically pays IBI (real estate tax) and basura (waste tax). [Bank guarantee](/glossary/bank-guarantee) of 3-6 months standard. ## Key facts | city | Madrid| | industry | Asset management| | naics | 523930, 523920| | preferredSubmarket | Castellana & AZCA| | preferredFitoutSpec | Trophy| | fitoutBand | $235–350/sqft| | sqftPerSeat | 230| | classARentLocal | 38 EUR/sqft/yr| | classARentUsd | $41/sqft/yr| | vacancyPct | 8.6%| | typicalLeaseYears | 7| | typicalRentFreeMonths | 14| | talentIndex | 78| | corporateTaxPct | 25%| ## Frequently asked questions ****Where do asset management occupiers lease office space in Madrid?**** : Most cluster in Castellana & AZCA. Rent runs ~38 EUR/sqft ($41 USD) for trophy and prime stock. ****What fit-out spec do asset management occupiers run in Madrid?**** : Typically trophy at $235–350/sqft. ****How much office space per seat should a asset management occupier plan in Madrid?**** : Plan ~230 sqft per seat blended. A 100-person team typically takes 23,000 sqft. ****What NAICS codes describe the asset management vertical?**** : Representative NAICS 2022 codes: 523930, 523920. ****What is the talent index in Madrid?**** : 78/100. Use the city profile for full detail. ## Related - [**Asset management — global overview**](/industries/asset-management) - [**Madrid — full city profile**](/cities/madrid) - [**Financial services in Madrid**](/cities/madrid/industries/financial-services) - [**Investment banking in Madrid**](/cities/madrid/industries/investment-banking) - [**Legal services in Madrid**](/cities/madrid/industries/legal-services) - [**Big tech in Madrid**](/cities/madrid/industries/big-tech) ## 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 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. --- Citation: Source: Class A Atlas (https://classa.info/cities/madrid/industries/asset-management), updated 2026-04-15T00:00:00.000Z.