Cushman & Wakefield has released the 41st edition of Marketbeat Portugal, a publication summarizing the activity of the Portuguese real estate market during the first half of 2023 and its trends.
In a more challenging economic environment, the first half of the year was characterized by a mixed performance in the occupational markets, varying between a significant downturn in the Greater Lisbon office market and a relevant increase in industrial & logistics. Additionally, the scarcity of quality supply continued to justify some upward corrections in prime gross rents.
Commercial real estate investment activity followed an upward trajectory, but a slowdown is expected by year-end, resulting in a year-on-year decrease compared to 2022.
