The 2026 Guide to Opening a Coworking Space in Madrid
Thinking of opening a space in Madrid? With a population of 3,300,000 and only 170 existing spaces, the market is moderate.
Financial Feasibility
Understanding the costs and revenue potential in Madrid
Average Commercial Rent
$35
per square foot
The average commercial rent in Madrid is $35 per sq ft. This is a key factor in determining your break-even point and pricing strategy.
Average Desk Price
$300
per month
To break even, you'll need to charge competitive rates. The average hot desk in Madrid goes for $300/month, giving you a benchmark for pricing your space.
Infrastructure & Connectivity
Essential infrastructure for modern coworking spaces
Internet Speed
120 Mbps
Coworking relies on speed. Madrid boasts an average internet speed of 120 Mbps, making it great for remote workers and digital nomads who depend on reliable, fast connectivity.
Competition Analysis
Understanding the competitive landscape in Madrid
Existing Competitors
170
coworking spaces
There are currently 170 existing coworking spaces in Madrid, representing approximately 5.2 spaces per 100,000 residents.
Market Status
With 5.2 spaces per 100k residents, Madrid has a moderate market. Success will depend on location, amenities, and clear value propositions.
Note: All values are approximate modeling numbers, not exact figures. Populations are based on Census/Vintage 2024 estimates. Desk prices and internet speeds are calibrated from national reports and rounded for clarity.
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