Spain - Madrid

Life sciences is a significant employer and occupier of real estate in Spain. The pharmaceutical industry employs approximately 49,000 people which places Spain fourth in Europe after Germany, France, and the UK according to the European Federation of Pharmaceutical Industries and Associations. MedTech Europe notes that the medical technology industry in Spain employs about 29,000 people, positioning it as the seventh largest employer in Europe, following Germany, Italy, the UK, France, Switzerland, and Ireland. According to EY, life science companies occupy about 4.6 per cent of the total office inventory in Spain.

Currently, there are over 50 science and technology parks in 17 different autonomous regions. Technology parks have grown strongly; not least because the percentage of post-graduate studies in Spain is higher than the European average.