Madrid has 5 distinct Class A submarkets we track, anchored by Castellana & AZCA at the trophy tier.
Madrid has 5 distinct Class A submarkets we track, anchored by Castellana & AZCA at the trophy tier.
**Castellana & AZCA** (trophy, ~€45/sqft/yr · ≈ $48.6 PSF/yr USD) — The historic CBD spine. **Cuatro Torres** (trophy, ~€50/sqft/yr · ≈ $54 PSF/yr USD) — Spain's largest contiguous trophy floor plates. **Las Tablas & Arroyofresno** (established, ~€28/sqft/yr · ≈ $30.2 PSF/yr USD) — Decentralized Class A campus market. **A-1 / Las Tablas** (established, ~€28/sqft/yr · ≈ $30.2 PSF/yr USD) — Northern back-office and tech corridor. **Méndez Álvaro / Atocha** (prime, ~€32/sqft/yr · ≈ $34.6 PSF/yr USD) — Southern transport-hub Class A cluster.
| 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% |
| trophyCount | 2 |
| primeCount | 1 |
Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.