Tetuán: proximity to Castellana with more competitive rents
For companies looking to maintain a central location without taking on the costs of Madrid's CBD, Tetuán has become one of the most interesting alternatives. Buildings with great value for money, such as Lérida 44, are just a 10-minute walk from La Castellana
Its main advantage is its immediate proximity to Castellana. Many offices located in areas such as Cuatro Caminos, Orense or around Plaza de Castilla offer a strategic location, with access to the metro, Cercanías commuter trains and the city's main entry routes.
Advantages of renting offices in Tetuán
- Proximity to Madrid's financial centre.
- Excellent accessibility via public transport.
- Wide range of services, dining and shopping options.
- Rents generally lower than those in the prime stretch of Castellana.
- An attractive environment for attracting talent.
For all these reasons, the area is ideal for professional firms, advisories, service companies, consultancies and businesses that receive frequent client visits.
Campo de las Naciones: corporate image and international connectivity
When a company needs a prestigious headquarters but looks to optimise its budget, Campo de las Naciones is usually among the top options.
This area has established itself as one of Madrid's most important business hubs thanks to its proximity to the airport, the availability of modern buildings and an abundant supply of large-scale corporate spaces.
Why choose Campo de las Naciones?
- Proximity to Adolfo Suárez Madrid-Barajas Airport.
- State-of-the-art buildings.
- Large floor plates available.
- Sustainability and energy efficiency certifications.
- Ample car parking availability.
Many multinationals have opted for this location to combine operational efficiency with a strong corporate image.
MADBIT (Julián Camarillo): Madrid's tech hub
In recent years, the Julián Camarillo area has undergone a deep transformation to become one of the city's main innovation hubs.
Under the MADBIT brand, this tech district attracts both large companies and startups and digital businesses looking for flexible and modern spaces.
Main advantages of MADBIT
- Established tech ecosystem.
- More competitive costs than prime districts.
- Refurbished offices adapted to new ways of working.
- Constant growth in business services.
- Good connections to the M-30 and public transport.
Which companies is it recommended for?
- Tech firms.
- Software companies.
- Digital consultancies.
- Innovation centres.
- Expanding companies.
- Education providers.
Méndez Álvaro: centrality and urban growth
Méndez Álvaro has established itself as one of Madrid's most dynamic and rapidly transforming office markets.
The presence of the South Bus Station (Estación Sur), its proximity to Atocha and continuous urban regeneration have driven the arrival of new corporate buildings and companies from various sectors.
Reasons to choose Méndez Álvaro? Many
- Location very close to the centre.
- Excellent rail and metro connections.
- Developing business environment.
- More moderate rents than in Castellana.
- Wide range of amenities for employees.
It is an especially attractive location for companies looking to combine accessibility, image and cost control.
Las Tablas: large spaces for expanding businesses
Las Tablas is one of the main destinations for large corporations requiring large areas and buildings adapted to new ways of working.
Its urban development has enabled the creation of modern business complexes with high quality standards.
Benefits of renting offices in Las Tablas
- Large spaces available.
- Modern business campuses.
- Good road access.
- Established environment for large companies.
- Very competitive value for money.
This area is usually a particularly interesting option for companies looking to concentrate large teams in a single location.
Alcobendas: maximum cost efficiency
For organisations whose main goal is to optimise the cost per square metre, Alcobendas remains one of the most competitive alternatives in the Madrid market.
Its establishment as a business area, alongside the presence of numerous national and international companies, has created a highly attractive corporate ecosystem.
What Alcobendas offers
- Competitive rents.
- High availability of offices.
- Excellent access via the A-1.
- Established business environment.
- Opportunity to occupy large spaces.
Although it is further from the centre, many companies find that the savings more than compensate for this distance.
Below is a comparison table:
| Area | Benchmark Rent* | Company Profile |
|---|---|---|
| Tetuán | Below maximum rent | Professional services, firms and consultancies |
| Campo de las Naciones | ~€21/sqm/month | Multinationals and corporations |
| MADBIT (Julián Camarillo) | ~€21/sqm/month | Technology and innovation |
| Méndez Álvaro |
~€24/sqm/month or less
|
Growing companies |
| Las Tablas | ~€21/sqm/month | Large corporations |
| Alcobendas | From €11/sqm/month in satellite market | Efficiency-focused companies |
About the article
This article has been prepared based on the analysis of workplace and real estate trends transforming the office market in Spain, combining sector sources and proprietary data. Notably, it incorporates findings from the Madrid office market_Q2 2026 study, prepared by the JLL Research department, as well as data from public market sources.
Our Expert
Marta Zulueta
Director of Office Leasing Spain – JLL
Marta Zulueta has over 20 years of experience in the real estate sector, advising landlords and companies on the development of their real estate strategies. As Director of Office Leasing Spain at JLL, she leads the Madrid and Barcelona teams specialising in the commercialisation of office assets and advising corporate occupiers nationwide. Her experience includes designing strategies to maximise asset value, coordinating complex transactions, advising international clients and continuously analysing the trends transforming the office market. She holds a degree in Law and Business Advisory from ICADE (Universidad Pontificia Comillas).
Email: Marta.Zulueta@jll.com
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