Cushman & Wakefield MarketBeat reports analyse quarterly Portugal commercial property activity across office, retail and industrial real estate sectors including supply, demand and pricing trends at the market and submarket levels.
Although short-term economic forecasts are currently clouded by uncertainty, Portuguese GDP should still increase by 6.2% in 2022 and maintain a positive trajectory in 2023 at 0.9%. Private consumption is expected to grow by 5.2% in 2022 but is forecasted to moderate its growth to 0.1% in 2023. Inflation is currently estimated to rise to 6.6% in 2022, driven by a steep increase in the prices of energy and food products, but still it is projected to decrease to 2.4% in 2023 and maintain similar levels onwards.
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Portugal MarketBeat Snapshot Reports
Andreia Almeida • 25/08/2022
Author
Current Marketbeats - Q2 2022
Portugal Industrial MarketBeat
During Q2 2022, 12 new occupancy deals in a total of 110,560
sq.m were transacted in Portugal, reaching 205,170 sq.m in the first half
of 2022, a year on year decrease of 26%. This activity was mainly concentrated in Greater Lisbon and Central regions, recording
Portugal Investment MarketBeat
The recovery of institutional investment already registered during 2021 continued throughout the first semester of 2022, with
€3 64
million transacted in Q2, reflecting a slight decrease of 3% when compared with Q1 2021, and taking H1 2022 volume to €615
million. Some transactions that were nearly closed in Q2 ended up slipping to Q3 2022.
Lisbon Office MarketBeat
The Greater Lisbon office market registered 60 new lease deals in a total take
up volume of 104,050 sq.m in Q2 2022, reaching
168,340 sq.m in the first half of 2022, representing a year on year (YoY) growth of 204%. The average leased area in the second
Porto Office MarketBeat
The Greater Porto’s office sector registered a take
up of 24,470 sq.m in the second quarter of the year, reaching 30,290 sq.m in the
first semester, a 132% year on year growth.
Portugal Retail MarketBeat
During Q2 2022, the retail market registered the completion of 14,500
sq.m of GLA of one retail park, Sudoeste Retail Park ( Silves ).
Over the next three years a total of 80,700 sq.m of GLA are expected to enter the market.
MORE INSIGHTS
Research • Multifamily
Purpose Built Student Accommodation in Portugal
The living sector across Europe has been gaining remarkable importance in the real estate investment market, almost equaling, last year, the office market for the first time since there are records.
Ana Gomes • 08/08/2022
Research
Marketbeat Portugal analyses the property market activity in depth across offices, retail, industrial, hotels, residential and investment sectors.
Andreia Almeida • 14/03/2022