Spain

Office markets around Europe continue to perform despite economic uncertainty.

With city centre rents recovering following the pandemic exodus and tenant demand set to rise in the next decade investors are taking a closer look at what Madrid has to offer.

Since the turn of the millennium, Barcelona has evolved into a key destination for the wealthy and that trend is set to continue.

The e-commerce boom born out of the pandemic and a return to usual shopping habits has created a road to recovery for retail market.

Tourists flock back to the popular holiday destination as luxury hotels adapt domestic offering.

The professionalisation of the sector, an adequate supply, social rental programmes and a change of mentality in Spanish society will consolidate its expansion.

Occupier activity in Europe remains robust as rents stay resilient in the first quarter of the year.

In major cities around Europe, operators that deliver groceries within 10-15 minutes, also referred to as ‘quick commerce’ or ‘q-commerce’, have seen enormous growth over the last two years.

Industrial investment volumes in Spain totalled €3 billion in 2021 as the country further integrates into European transport network.

Plans are afoot for a new digital nomad visa according to Spain’s Ministry of Economy.