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Savills: Madrid office market sees Q3 take-up boost despite continued economic strain

Posted on 12 November 2012

According to Savills’ latest Madrid office market report, take-up in the third quarter of 2012 exceeded all expectations reaching 70,000 m², despite on going economic difficulties. The firm notes that this boost was primarily due to a number of larger transactions of over 5,000 m², which accounted for 26% of take-up during this period.
The international real estate advisor finds that the increase of refurbished space coming to the market was an instrumental factor in Q3 12 take up numbers with three of the largest transactions in this time period agreed on this type of space, including Alcalá 65, Paseo de la Castellana 50 and Almagro 40………………………………………..Full Article: Source


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