Office Space in Barcelona’s 22@ District Will Grow by 335,000 m2 by 2021

11 March 2019 – La Vanguardia

According to a report by the consultancy firm BNP Paribas Real Estate España, the supply of office space in Barcelona’s 22@ district will grow by 335,000 m2 over the next three years, of which 77,800 m2 will be handed over during 2019, compared to 33,200 m2 in 2018.

In light of the scarce supply and high demand in the area, average prices rose by 20% in the second half of 2018 to reach between €1,500/m2 and €1,600/m2 in prime areas.

Rental prices also rose in 2018, by 8%, to reach an average of €16.7/m2/month. They are set to continue to rise this year headed for historical maximums.

Original story: La Vanguardia

Translation/Summary: Carmel Drake

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