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Portugal MarketBeat Snapshot Reports

Andreia Almeida • 5/23/2022
Cushman & Wakefield MarketBeat Snapshot reports share 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.

According to Moody’s Analytics, the Portuguese economy closed 2021 with a GDP growth of 4.9%. Although short-term economic forecasts are currently clouded by uncertainty, as the conflict between Ukraine and Russia escalated to war, the Portuguese GDP should still increase by 5.8% in 2022 and maintain a positive trajectory in 2023 at 1.6%. Inflation rate is currently forecasted to rise by 6.0% in 2022, but still expected to decrease to 1.2% in 2023 and maintain similar levels onwards. 

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

Current Marketbeats - Q1 2022

Portugal stadium
Portugal Industrial Market Data Q1 2022

During the first quarter of 2022, 15 new occupancy deals in a total of 94,610 sq.m were transacted in Portugal, a year-on-year decrease of 20%. This activity was mainly concentrated in Greater Lisbon, recording 62,550 sq.m. The largest deal in the first quarter of the year was the lease by NewCold of circa 40,000 sq.m at the former Elos Palmela building.


investment card
Portugal Investment Market Data Q1 2022

The recovery of institutional investment already registered during 2021 continued throughout Q1 2022, with €248 million transacted, reflecting an increase of 21% when compared with Q1 2021. As in previous quarters, large deals contributed to this result - with the top 3 ones representing 68% of the total amount invested.


View across Lisbon towards the Tagus
Lisbon Office Market Data Q1 2022

The Greater Lisbon office market registered 45 new lease deals in a total take-up volume of 64,290 sq.m in Q1 2022, representing a year-on-year (YoY) growth of 120%. The average leased area in the first quarter of the year increased to 1,430 sq.m, which compares with 1,080 sq.m in Q1 2021.


office complex Porto
Porto Office Market Data Q1 2022

The Greater Porto’s office sector registered a take-up of 5,820 sq.m in the first quarter of the year, more than twice the volume registered over the same period of 2021. The average leased area increased slightly to 485 sq.m when compared with Q1 2021 (390 sq.m), and the number of deals nearly doubled, namely to 12.


Street roofed with umbrellas, Agueda, Portugal
Portugal Retail Market Data Q1 2022

During Q1 2022, the retail market registered the completion of 13,000 sq.m of GLA referring to one retail park, Alagoa Office & Retail Centre (Oeiras). Over the next three years a total of 84,700 sq.m of GLA are expected to enter the market, including the under construction Sudoeste Retail Park (Silves) and Nova Vila Retail Park (Portimão). Cushman & Wakefield’s retail take-up registered 100 new openings in Q1 2022 (+98% year-on-year).



Porto Office Park, Portugal
Research • Workplace

Mercado de Escritórios do Porto

A segunda edição do estudo inclui um levantamento exaustivo ao mercado de escritórios do Porto, e inclui as perspetivas futuras para o sector.
woman with summer hat walking away from camera
Research • Hospitality

Hotel Investment in the Iberian Peninsula

O investimento imobiliário em ativos hoteleiros em Portugal atingiu um volume recorde de €469 milhões no 1º semestre de 2019, um nível inédito no mercado nacional, cujo pico máximo anual havia sido de €275 milhões em 2008.
Gonçalo Garcia • 10/10/2019
hotels business portugal
Research • Hospitality

2020 Hotels Business Portugal

Hotels & Business is an initiative designed by Cushman & Wakefield’s hospitality team in Iberia. Similar to the Hotel Investment in the Iberian Peninsula joint initiative, this publication aims to provide a systematic and informed approach to the hospitality tourism sector in a region that is one of the most coveted tourist regions in the world – the Iberian Peninsula.
Gonçalo Garcia • 6/24/2020


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