The study examines what companies are doing with regard to their offices in Spain in a socio-economic cycle that has now moved beyond the consequences of the Covid-19 pandemic, and how offices are evolving to adapt to environments where five generations now work side by side using new methodologies.

According to Workplace Trends Spain 2026, 62% of companies plan to increase their workforce over the next ten years and 54% expect to expand their office space, suggesting a scenario in which growth will not be linear between staff numbers and floor space. For companies, the importance of the office as a physical workplace lies in providing a space for collaboration, carrying out day-to-day operations, and reinforcing corporate culture in a context of constant change and profound transformation. In this context, 71% of companies have changed the design of their workspaces in the last five years and 70% plan to change it again in the next decade.

Location remains a key factor, but the quality of the building and the services it offers are now also important considerations. Over 60% of companies remain in the same location as a decade ago, and 80% believe that their location brings clear value to the business. Before considering relocating from a well-situated headquarters, organisations prioritise adapting or expanding within the same building, provided it offers quality, good connectivity, services and a suitable experience for people.

The report notes that companies are redefining their offices with motivations that go beyond traditional ones, now that they have established hybrid models suited to their operations. “Flexibility and hybrid models are no longer at the centre of the debate; they have been superseded by the concept of experience, and the focus is now on people and their well-being. We are moving from a model based on task types to a human-centric concept, based on a diversity of profiles and emotions, with mental health very much at the forefront,” says Leyre Octavio de Toledo, Executive Director and Head of Architecture and Occupier Solutions at Savills Spain.

Companies that need to relocate continue to look for offices in prime locations, business districts or urban areas, but it is difficult to find the right combination right now in the Madrid urban area, so they are broadening their options to include better-located areas on the outskirts. The ideal building for companies remains one where location is the primary factor, with quality and amenities coming second and third.

The report is based on actual data from the Madrid office market and on responses to a survey regarding the key features of today’s workspaces, provided by 37 leading companies from 16 different sectors based in the Spanish capital, the vast majority of which have more than 100 employees and almost half more than 1,000.

This aligns with wider office trends in Spain and Europe. In Barcelona, between January and March 2026, new office take up was 90,700 sq m, a 58% year-on-year increase, and lack of availability in the city centre is redirecting demand to the 22@ district.  Across Europe, average prime office rents rose by over 4% last year and Savills anticipates a further growth of 3.7% this year, reflecting an undersupply of good quality stock.