Office rental values in Spain are forecast to fall by around 15% over 2012-13 as occupier demand weakens further. But on a city level, Madrid is exposed to greater downside risks than Barcelona. This is down to supply-side factors and the fact that Madrid experienced the larger boom.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services