A guide to office space in Madrid

The capital of Spain and the country’s largest city, Madrid is only smaller than London and Berlin in terms of population and in terms of size is only bested by London and Paris in the European Union.

It is the economic and political center of Spain and despite high levels of unemployment in the country on the whole, Madrid still remains as one of the strongest financial centers in southern Europe while banks in Madrid carry out over 70% of all banking activity in Spain.

It is also known as a European hub for culture and the arts, housing some of Europe’s top art museums, stunning architecture and a lively nightlife.

The location

Madrid is located on the Manzanares Rivers in the geographical heart of Spain and is separated into 21 districts, within each a number of neighborhoods or ‘barrios’.

 Some of the most popular districts for office space in Madrid include Centro, Chamartín and Salamanca but businesses tend to set up over the whole city.

Madrid Cibeles

Looking for an office in Madrid

Costs

Pricing for serviced offices in Madrid range from around €250 – 300 up to €1000 per person, per month for spaces in prime locations. 

However, when looking at serviced office solutions it is always worth keeping in mind that these prices are often inclusive of amenities, which can include Internet, meeting rooms, IT and administrative support, lounges and kitchens, car parking, videoconferencing and AV equipment, among others. 

Office sizes

Madrid has a good variety of office solutions available including coworking spaces and private offices. Instant offer a great variety of office sizes and solutions, and are able to accommodate most enquiries, from one person through to 100 or more depending on the specifics. 


Why choose Madrid?

Madrid’s economy is diverse and dynamic making it an attractive option for businesses across a wide range of industries looking to set up in mainland Europe.

The public transport network is one of the most used and efficient in all of Europe while it has the highest number of trees and green spaces per inhabitant of all major European cities. 

It is a city that can certainly provide a quality work / life balance. 

Madrid is also home to two of the biggest football clubs in the world, Real Madrid and Atlético de Madrid, making it an ideal city for sports fans to reside in. 


Five things you probably didn't know about Madrid:

  • Located on a plateau 650m above sea level, Madrid is Europe’s highest capital city
  • Founded in the 9th century by the Muslim emir Abd ar-Rahman II, the name Madrid comes from the Arabic ‘magerit’ or ‘place of many streams’
  • Puerta del Sol is home to the centre (km 0) of the radial network of Spanish roads
  • Madrid to Barcelona is the busiest air route in Europe and one of the busiest in the world
  • Madrid has the third longest Metro system in Europe behind London and Moscow and the seventh longest in the world
Madrid Four Towers

A closer look at Madrid

While businesses definitely set up all over the city the following districts are the most popular areas in which to rent office space:

Chamartín

  • This district is home to the Cuatro Torres Business Area (CTBA) or Four Towers Business Area, home to the four tallest skyscrapers in Spain, as the name suggests 
  • It consists of Torre Espacio, Torre de Cristal, Torre PwC and Torre Bankia and houses a variety of companies from the financial industry 
  • It is also home to the distinctive landmark Gate of Europe Towers, owned by Bankia, a Spanish banking conglomerate. The district is also home to the head office of Iberia Airlines


AZCA / Nuevos Ministerios

  • The area was constructed from the1970s onwards and was the main financial district prior to the CTBA being established
  • It is still home to some of the most stunning skyscrapers in Madrid and it’s close proximity to both the centre of Madrid and the CTBA makes it an ideal location for businesses from finance and further afield
  • The Nuevos Ministerios, located in the same area is home to several ministries of the Spanish government so is perfect for companies that provide services to this sector
Centro
  • While the above areas have a strong financial presence Madrid's Stock Exchange (La Bolsa de Madrid) and the Bank of Spain, are both actually located more centrally, near Cibeles Square and the Retiro Park
  • The area is also home to the headquarters of major national corporations such as Telefónica, major upmarket shopping areas and an abundance of office space suitable for all types of businesses

Salamanca

  • One of the wealthiest areas in Madrid, Salamanca’s real estate prices are some of the highest in the city
  • The area is also where you can find a number of embassies including the Swiss, French Italian and US
  • It is home to the IE business school, rated as one of the leading business schools in the world, so companies looking for top business talent can really benefit from having a presence and location close to the school

Want to find out more?

If you’re looking to move into the area, or simply require more information, contact Instant Offices' specialist local consultants.

Email our team or call us and we'll be delighted to help you.


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