Cushman & Wakefield has launched the 44th edition of Marketbeat Portugal (Spring 2025), a publication that summarizes the activity of the Portuguese real estate market in 2024 and its trends.
In a more challenging economic environment, the year was characterized by a transversal recovery in occupational market activity, with greater expression in the Greater Lisbon office market and in the industrial and logistics sector. In addition, the shortage of quality supply continues to justify some upward corrections in prime rents.
Following a period of relative stability in the first half of 2024, commercial property investment activity experienced a dramatic rebound in the second half of the year, reflecting a year-on-year growth of 39%. Following upward adjustments across all sectors during the last two years, the evolution of prime yields has remained stable throughout the year. By year end, the retail sector stood out for its solid performance, with yields declining by 25 basis points (bp).
Forecasts for 2025 indicate that the upward trend in commercial real estate investment will continue.
