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56 // iberian.propery / 2017
dossier// ISSUE: TOP IBERIAN Investors
How much is the
Iberian property
Market currentlyworth?
Before investing, it is essential to know how much transactional activities in
the real estate market are worth. And, in a heterogeneous market like Iberia, it
is crucial to be able to compare the fundamentals of every location and sector.
Gathering the latest information available, the
Iberian Property team analysed and summa-
rised the activity in the first quarter in the trans-
actional sectors of each of the three main Iberian
investment destinations: Madrid, Lisbon and
Barcelona, offering exclusive insight of how
much this property market is worth today.
OFFICES – Annual take-up close to
1 million m²
Altogether, in 2016 the three main Iberian office
markets traded 928.800m², 84%ofwhich in Span-
ish territory. These estimates are by CBRE, and
theyconfirm that Madrid is the principal location in
Iberia chosen bycompanies,with a totaltake-upof
454.000m², in otherwords, 49%of the total Iberian
officemarket in 2016. Barcelona follows next, with
331.000 m² and, finally, Lisbon with 143.800 m².
In the meantime, and considering the data pre-
sentedbytheconsultanciesCushman&Wakefield
and JLL, in the first quarter of 2017, office take-up
in Iberia has already reached 208.641 m², main-
taining the relative share of each regionalmarket.
Entreposto Building, Lisbon