Can I keep the same density assumption when moving to Madrid?

Not without revalidation. Local density norms differ; loss factors differ; meeting-room intensity expectations differ. Re-run the Office Space Calculator with Madrid-specific defaults.

Moving into Madrid from another Tier 1 market means re-baselining occupancy economics in EUR, re-running headcount density against local norms, and translating lease terminology to local conventions.

Re-baseline occupancy in EUR (then USD for comparison).
Local lease conventions differ — translate terms via the Lease Term Translator.
Density assumptions vary materially by region; revalidate.
Build local counsel and broker relationships before the LOI, not after.

Madrid relocation guide

TL;DR

Re-baseline occupancy in EUR (then USD for comparison).
Local lease conventions differ — translate terms via the Lease Term Translator.
Density assumptions vary materially by region; revalidate.
Build local counsel and broker relationships before the LOI, not after.

Re-baseline economics

Headline Madrid rent is 38 EUR/sqft/yr ($42 USD). Translate your incumbent occupancy cost-per-seat to the same basis using the Occupancy Cost tool. Most cross-border moves underestimate fit-out">fit-out timeline and overestimate density transferability.

Translate the contract

Standard 5-year lease with 5-year extension option (5+5). Rent indexed to CPI annually. Service charges billed separately. Tenant typically pays IBI (real estate tax) and basura (waste tax). Bank guarantee of 3-6 months standard. Use the Lease Term Translator to map terminology before reading the LOI.

Build the local stack

Engage a tenant-rep broker, local counsel, an MEP/AV designer with Madrid project history, and a project manager who has run a Class A fit-out in this market in the last 24 months.

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%

Frequently asked questions

Can I keep the same density assumption when moving to Madrid?: Not without revalidation. Local density norms differ; loss factors differ; meeting-room intensity expectations differ. Re-run the Office Space Calculator with Madrid-specific defaults.

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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