Madrid's trophy roster is anchored by Torre Caleido (Cuatro Torres), Torre Picasso, Torre PwC.
Madrid's trophy roster is anchored by Torre Caleido (Cuatro Torres), Torre Picasso, Torre PwC.
**Torre Caleido (Cuatro Torres)** (Cuatro Torres) — 36 floors, ~750k sqft, completed 2021. **Torre Picasso** (AZCA / Castellana) — 45 floors, ~820k sqft, completed 1989. **Torre PwC** (Cuatro Torres) — 52 floors, ~800k sqft, completed 2008.
| 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% |
| trophyBuildings | 3 |
Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.