What does a Madrid Class A fit-out cost?

From $70–$100/sqft for Basic to $235–$350/sqft for Trophy specification. Mid-spec — the most common — is $105–$155/sqft.

Are MEP and AV included in those bands?

Yes — bands include MEP, AV/IT cabling, FF&E, and a typical contingency.

Class A fit-out in Madrid ranges from $70–$100/sqft for basic specification to $235–$350/sqft for trophy.

Basic fit-out: $70–$100/sqft.
Mid spec: $105–$155/sqft.
High-end: $160–$235/sqft.
Trophy: $235–$350/sqft.
Always model fit-out as amortised capex inside total occupancy cost.

Madrid office fit-out costs

Class A fit-out">fit-out in Madrid ranges from $70–$100/sqft for basic specification to $235–$350/sqft for trophy.

TL;DR

Basic fit-out: $70–$100/sqft.
Mid spec: $105–$155/sqft.
High-end: $160–$235/sqft.
Trophy: $235–$350/sqft.
Always model fit-out as amortised capex inside total occupancy cost.

Cost bands

**Basic** ($70–$100/sqft): functional Cat-B with standard finishes and basic AV. **Mid** ($105–$155/sqft): branded reception, mix of meeting rooms, mid-grade AV, light biophilic touches. **High-end** ($160–$235/sqft): full client-facing programming, premium furniture, specialist AV. **Trophy** ($235–$350/sqft): fully bespoke design, signature staircase or feature, top-tier MEP and acoustic packages.

What drives variation

Local labour rates, MEP and AV scope, contingency, FF&E selection, and the building's Cat-A condition. Always price scenarios against landlord's TI to land on net-out-of-pocket capex.

Working with the landlord allowance

Use the Fit-out Budget Estimator with your spec level to benchmark; subtract landlord-funded TI to land on net spend. Over-allowance spend is amortised into rent — negotiate the rate up front.

Key facts

city	Madrid
country	Spain
region	EMEA
classARentLocal	38 EUR/sqft/yr
classARentUsd	$42/sqft/yr
vacancy	8.6%
typicalLeaseYears	7
typicalRentFreeMonths	14
submarkets	5
primeYieldPct	4.6%
basicFitoutPsf	$70–$100/sqft
midFitoutPsf	$105–$155/sqft
highEndFitoutPsf	$160–$235/sqft
trophyFitoutPsf	$235–$350/sqft

Frequently asked questions

What does a Madrid Class A fit-out cost?: From $70–$100/sqft for Basic to $235–$350/sqft for Trophy specification. Mid-spec — the most common — is $105–$155/sqft.
Are MEP and AV included in those bands?: Yes — bands include MEP, AV/IT cabling, FF&E, and a typical contingency.

Editorial provenance

Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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