More Expenses & a Greater Impact in Madrid than Barcelona: the Office Market in 2020

4 May 2020 –

After falling by 27% in the first quarter, investment in offices will recover after the summer, according to Savills Aguirre Newman.

The measures that will need to be adopted in offices to avoid contagions and the spread of the coronavirus when the de-escalation begins will increase the expenses of tenants by €0.50 per square meter per month, according to the consulting firm Savills Aguirre Newman.

These measures include the installation of thermal imaging cameras, signage in common areas to avoid crowding, and more thorough cleaning and maintenance processes, said the Head of the Offices division at Savills offices during the presentation of the consultancy firm’s market report.

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Translation/Summary: Carmel Drake