21 March 2019 – Eje Prime
According to the consultancy firm JLL, direct investment in the office sector in Barcelona amounted to €611 million in 2018. That figure represented 24.4% of the total investment in office spaces across Spain, which amounted to €2.6 billion. Direct investment in offices in Madrid reached €1.9 billion last year.
In Barcelona, the largest operation of the year in the office segment saw Blackstone acquire the Planeta building for €210 million.
Meanwhile, 356,000 m2 of office space was leased in the Catalan capital, up by 8%. The real estate firm forecasts an upwards trend with the leasing of office space amounting to 360,000 m2 in 2019, 368,000 m2 in 2020 and 370,000 m2 in 2021.
In terms of rental prices, prime rents grew by 8.6% in 2018 to reach €25.25/m2/month on average. JLL forecast that rents will rise by 5% p.a. until 2021 to €30.34/m2/month within five years.
Original story: Eje Prime
Translation: Carmel Drake