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Transparency 22@ Barcelona

For the fourth consecutive year, 2021 saw district 22@ leading office demand in Barcelona on the part of both users, developers and long-term investors.


22@, the urban innovative district

The attractiveness of the area is such that 2021 closed with all-time record figures, with 125,000 sq m transacted (pre-pandemic demand levels). This is some 185% greater than the figure for 2020. 38% of the total floor area transacted in Barcelona (331,000 sq m) corresponded to 22@.

Demand remains committed to quality. 86% of the floorspace transacted was located in buildings classified as A/B+. Limited up to now, the availability of these types of properties is crucial to maintaining the appeal of this exceptional sub-market.

The severe lack of available floorspace that we saw between 2018 and 2019, with vacancy rates peaking at 2.53%, drove investors to take positions in every micro market belonging to the district. This was particularly true with respect to the North, where activity continued despite the arrival of Covid-19.

The district continues to record lease deals despite the prime rent in the area reaching €22.50/sq m/month, with some specific assets even achieving higher rents.

Read more. Download Transparency 22@ Barcelona.

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