The 6th largest European city by population, Madrid is the major financial centre in the Iberic Peninsula due to its market size and economic output.
The famously vibrant Spanish capital is also one of the top European destinations when it comes to culture, art and architecture and is considered one of the richest culinary capitals.
Although the service sector predominates in its economy, Madrid continues to hold the position of Spain's second industrial centre after Barcelona, specialising particularly in high-technology production. The city’s key sectors include financial services, real estate, telecoms, technology and software development, logistics. Madrid’s location at the very centre of the peninsula is also strategic to capture the larger part of foreign investment coming into Spain in recent years.
Studio Alliance members have undertaken projects in Madrid for:



Madrid Fast Facts
Average letting cost
€405
sq metre/year, prime rent
Total lettings in 2021
330.000
sqm
Vacancy rates
10.29%
in 2021
Due to its a high standard of living, ease of access to markets and influence in politics, education, entertainment, environment, media, fashion, science, culture, and the arts, Madrid is considered one of the world's major global cities.
With office markets taking positive leasing momentum into 2022 across EMEA, Madrid is among the markets likely to see a sharper bounce in take-up.
Significant letting
SECURITAS
8.700 m2
Camino Cerro de los Gamos 5
Significant investment
Merlin
€35 million
15000 m2, Castellana 85