The Barcelona office market posted a strong Q3 with take-up just breaking above the 101,000 sqm mark.
The vacancy rate continues to fall, with available office space currently standing at 510,000 sqm. (8.9%)
The prime rent has risen 8%, to €25.00 per sqm/month.
Not including the Blackstone acquisition of the Hispania portfolio, Barcelona office market investment hit €445 million in Q3, with prime yields tightening from 4.25% to 4% as a result of increased investor confidence.