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Office Supply is not Enough

The recent performance of the local office market has continued 2015’s trend, with a high absorption and stable prime rents. The recent data available hints at a good performance in office investment, which was around 500 million euros in 2015.

Porto’s market has been performing positively, with similar limitations on the supply side and a growing demand for areas above 500 m².

For 2016, the market is anticipated to continue in a growth market, however the lack of high quality new supply may dent this prospects and limit growth in Lisbon, however opening opportunities in other cities, which have already been emerging as viable alternatives.