The report analyzes the office market in Madrid and Barcelona during the 3rd quarter of 2022.
Yields are increasing between 35-75 bps due to higher financing costs which are translating into lower purchase prices. Yields are expected to continue rising in the coming months.
Investment has behaved asymmetrically in Madrid and Barcelona compared to the second quarter of the year. While Madrid recorded a 50% decline (€209M), Barcelona increased its investment volume by 57% during the period (€463M).