Total occupancy cost for Grade A office space in Madrid: $83.74 per sq ft per year. This figure covers rent, service charge, property tax (rates), fit-out amortised over the lease, facilities management, utilities and reinstatement costs.
Madrid Office Cost Breakdown (USD/sqft/yr)
Rent: $36.88/sqft/yr
Service Charge: $7.11/sqft/yr
Property Tax / Business Rates: $0.0/sqft/yr
Fit-Out (amortised over lease): $25.07/sqft/yr
Facilities Management: $8.29/sqft/yr
Utilities: $3.44/sqft/yr
Reinstatement / Dilapidations: $1.93/sqft/yr
Total Occupancy Cost: $83.74/sqft/yr
Madrid Serviced Office Costs
Serviced and flexible office space in Madrid costs between $505.0 and $564.0 per person per month, with a mid-market rate of $546.0 per person per month.
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