Share:

Portugal MarketBeat Snapshot Reports

Andreia Almeida • 05/08/2021

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.

 

The sanitary situation is improving in Portugal, with its vaccination campaign currently evolving at a much quicker pace than initially expected.

Both exports and investment are forecasted to highly contribute to a national GDP growth of 4.1% in 2021, with year-on-year increases of respectively 8.3% and 10.4%. For 2022, Moody’s Analytics foresees a 5.4% GDP growth for the Portuguese economy.

 

Office

Lisbon

Greater Lisbon office market merely registered 27 new lease deals, in a total of 26,150 sq.m (-35% YoY) transacted in the second quarter of 2021.

Parque das Nações (zone 5) attracted once again the highest share of take-up (41%), which includes the biggest deal of the year – Critical Software pre-let of around 10,000 sq.m in K-Tower.

Porto

The leasing activity in Greater Porto over the second quarter of 2021 registered a total take-up of 10,320 sq.m distributed over 18 deals.

Metyis new headquarters in Gondomar, which already begun construction, featured the largest deal of the semester, leading Other Zones (zone 8) to account for the highest share of take-up (41%).

 

Retail

The uneven impacts of COVID-19 in the sector increased retailers and developers interest in retail parks and stand-alone units.

Cushman and Wakefield’s registered circa 100 new openings in the second quarter of 2021, representing a significant year-on-year recovery of 41%, totalling an occupied area of 32,400 sq.m.

 

Industrial

Until June, take-up increased once more, totalling 256,100 sq.m of occupied area distributed over 40 deals, which represents a very positive year-on-year evolution of 132%. In line with the foreseen renewed interest in the sector from the demand side, which is also driving supply with increasing announcements of pipeline projects from both companies and developers.

 

Investment

Institutional investment picked up in Q2, with €354 million transacted in the quarter, a year-on-year increase of 66% and taking the H1 volume to €556 million. The quarter was highly influenced by the office sector, which accounted for 30% of the investment volume, and by the alternative assets segment, with a share of more than 40%.

 

Get the full Portugal property market picture with all the market data by downloading the reports.

Current Marketbeat

View across Lisbon towards the Tagus
Lisbon Office Market Data

A summary of the Lisbon office market, providing comment on recent trends as well as market data and analysis.

Download

office complex Porto
Porto Office Market Data

A summary of the Porto office market, providing comment on recent trends as well as market data and analysis.

Download

Street roofed with umbrellas, Agueda, Portugal
Portugal Retail Market Data

A summary of the Portugal retail property sector in key cities, providing comment on recent trends as well as market data and analysis.

Download

Portugal stadium
Portugal Industrial Market Data

A summary of the Portugal industrial and logistics property sector providing comment on recent trends as well as market data and analysis.

Download

investment card
Portugal Investment Market Data

A summary of the Portuguese real estate investment market providing comment on recent trends as well as market data and analysis.

Download

MORE INSIGHTS

Carros eléctricos, Lisbon, Portugal
Insights • Economy

Portugal Real Estate Market View

A regular update on the commercial real estate market in Portugal.
Andreia Almeida • 24/09/2021
Street roofed with umbrellas, Agueda, Portugal
Research

Marketbeat Portugal

Marketbeat Portugal analyses the property market activity in depth across offices, retail, industrial, hotels, residential and investment sectors.
Andreia Almeida • 13/04/2021
View over Lisbon
Insights • Insights

Market Update Portugal

The profound impact of the COVID-19 pandemic - namely on exports (-15.5%), particularly on the services component (-36.3%) due to the decrease in tourism; and in private consumption (-7.4%), given the drop in non-food retail - lead to a contraction of the economy in 2020, estimated by Oxford Economics at 8.6%.


Andreia Almeida • 18/08/2020
Lisbon-generic-750x456
Insights

2020 Investors Survey Portugal

A total of 53 investors participated in the survey which we conducted between the 6th and 17th May in order to gather data as well as market sentiment during the lock-down period.

Andreia Almeida • 07/06/2020

LOOKING FOR DATA?

Looking for more historic or specific property market data? Get in touch.