Skip to main content Skip to footer

Porto records largest office deal

Download Report

Porto's office market has surged in H1, recording, not only, the largest office deal in the country, but also 2 additional important deals, close to 2.000 sqm each. International demand has been driving this surge, turning Porto as a viable relocation option for important international corporations.

Lisbon’s office market has also been performing well, with take-up increasing. Lisbon’s vacancy rate provides evidence of this good performance, with vacancy rate below %, for the first time, since 2009.

The biggest challenge both cities will be facing is similar and has not changed in the past years: lack of supply! Porto and Lisbon’s pipeline is insufficient. In Porto, office scarcity has been overcome with one-off deals, in areas with little office occupation, suiting the occupiers’ needs; while in Lisbon, pre-let is already predominant, leaving less than 25.000 sqm to the market.


2017H2 Office Market 2

Porto records largest office deal

Download Report