Portugal MarketBeat Snapshot Reports

Andreia Almeida • 8/5/2021

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.




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.


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%).



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.



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.



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.


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.


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.


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.


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.


MAAT, Lisboa
Insights • Forecast - Outlook

COVID-19 Portugal Market Update

A Cushman & Wakefield publicou mais uma edição do COVID-19 Portugal Market Update, uma publicação que analisa as implicações da atual pandemia nos vários setores do mercado imobiliário português – escritórios, retalho, industrial/logística, hotelaria, residencial e investimento.

Andreia Almeida • 3/9/2021
Street roofed with umbrellas, Agueda, Portugal

Marketbeat Portugal

O Marketbeat Portugal é um estudo semestral que analisa em detalhe a atividade dos setores de escritórios, retalho, industrial, residencial e hoteleiro, bem como a atividade de investimento imobiliário em Portugal. 
Andreia Almeida • 9/22/2021
Insights • Insights

Market Update Portugal

O profundo impacto da pandemia da doença COVID-19 – nomeadamente nas exportações (-15,5%), especialmente a componente de serviços (-36,3%) devido ao decréscimo do turismo; e no consumo privado (-7,4%), dado a quebra no comércio não alimentar – potenciam uma contração da economia em 2020, estimada em 8,6% pela Oxford Economics.
Andreia Almeida • 8/18/2020

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 • 6/7/2020
Cushman & Wakefield Research Predicts New Normal for Workplace
Cushman & Wakefield apresenta “The Future of Workplace” – uma antecipação do novo normal dos locais de trabalho

O local de trabalho passará a ser um ecossistema composto por várias localizações e experiências

Andreia Almeida • 5/27/2020

Cushman & Wakefield announces promotions in its Industrial Agency

Two promotions have been awarded across the Industrial Agency of Cushman & Wakefield. Renata Krzyżanowska and Kamil Żach became Associates. 



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