Cushman & Wakefield has released the 43rd edition of Marketbeat Portugal, a publication that summarizes the activity of the national real estate market during the first months of 2024 and its trends.
In a context of slower economic growth, the year has been characterized by a broad recovery in occupational market activity, with greater expressiveness in the Greater Lisbon office market and the retail sector. Additionally, the scarcity of quality supply continues to justify some upward corrections in prime rents.
On the other hand, after a first semester with reduced activity, commercial real estate investment has started a recovery trend, currently standing above the values of the same period last year, with market yields remaining stable. Current year-end estimates reflect the expectation of more significant growth during the last quarter of 2024, potentially reflecting a 23% increase compared to 2023.
