"The attractiveness of Spain - and especially of the cities of Madrid and Barcelona - reflects the great demand that currently exists in the country for first class commercial real estate. The supply of surfaces is becoming increasingly scarce, rising the rental prices, and space hiring is expected to continue growing," says Sabine Barthauer, member of the Board of Directors of Deutsche Hypo. "Madrid and Barcelona are and will continue to be the most important capitals for all types of real estate assets."
The Deutsche Hypo study shows how the increase in demand has reduced the empty rate of spaces in Madrid and Barcelona and how there is an increasing shortage of first class properties in the office market of the two cities. In the market of commercial spaces is also experiencing a strong demand from investors in Madrid and Barcelona. Likewise, the markets of real estate for logistical use of these two cities are also experiencing an upward trend with a continuous increase in demand for warehouses and logistics warehouses, which is why there’s also a higher shortage of spaces of first class.
The record tourist figures that are being registered also point to an expanding hotel properties market. According to the Deutsche Hypo study, the performance of hotel establishments in Madrid and Barcelona has continuously improved during the last years. Here, Madrid benefits mainly from the increase in business trips due to economic recovery, while Barcelona continues to be a strong magnet for tourists.