Among the main markets of prime offices in Europe, Madrid and Barcelona stand out as the first and the seventh with the highest income up to the peak market, which stood at €42/m2/month in 2007 in the first city, and €28/m2/month in the second.
Since 2010, the average increase in rents of prime offices in the business districts of Europe has grown steadily. Specifically, in the main markets the average increase placed at 2.4% per year, a percentage that reached 5.4% per year in the Nordic countries. In addition to the increase in rents, the report indicates that the availability rates in the CBDs of the main cities in Europe reached historic lows in the third quarter of last year, with an average of 6.6%, which shows the lack of high quality office space available in the European real estate market.