Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Portugal MarketBeat Snapshot Reports

Andreia Almeida • 17/06/2024

According to Moody’s Analytics, Portuguese GDP growth slowed down to 2.3% in 2023. In 2024, it is expected to further decrease to 1.9%, remaining at this level in both 2025 and 2026. Investment grew by 0.8% in 2023 and is forecasted to grow by 4.5% in the current year. After rising to 4.3% in 2023, inflation should continue to decline in the near term, reaching 2.3% in 2024. Despite a slight growth to 6.5% in 2023, the unemployment rate is expected to decrease to 6.2% in 2024. 

Get the full Portugal property market picture with all the market data by downloading the reports.

Current Marketbeats

Portugal stadium
Portugal Industrial MarketBeat

In the first quarter of 2024, the Industrial & Logistics sector in Portugal registered 27 new occupancy deals totalling 165,900 sq.m, representing a year-on-year decrease of 16%. This decrease was largely influenced by the unusual volume recorded in the first quarter of 2023, which included two of the top 10 deals ever recorded. Consequently, the average deal size contracted by 41% to 6,100 sq.m. In terms of geographical distribution, activity remained mainly concentrated in the Greater Lisbon and Porto regions, with each accounting for 33% of take-up. 


investment card
Portugal Investment MarketBeat

Commercial real estate investment volumes for the first quarter of 2024 reached €218 million, representing a year-on-year (YoY) decrease of 9%. However, when accounting for deals closed during April, total volume amounts to €400 million, a YoY growth of 59%. 


View across Lisbon towards the Tagus
Lisbon Office MarketBeat

In the first quarter of 2024, the Greater Lisbon office market registered 41 new lease deals, with a total take-up volume of 73,730 sq.m, four times higher than the same period of 2023. Similarly, the average deal size increased 3.5 times, to 1,800 sq.m. 


office complex Porto
Porto Office MarketBeat

In the first quarter of the year, the Greater Porto office sector registered 22 new deals and a take-up of 18,040 sq.m, more than double the same period of 2023. Likewise, the average deal size increased to 820 sq.m, a year-on-year increase of 39%. 


Street roofed with umbrellas, Agueda, Portugal
Portugal Retail MarketBeat

Despite no new retail schemes being completed during the first quarter of 2023, the pipeline for the next 3 years continues to reflect increased development volumes of retail parks. Among the forecasted 89,900 sq.m of GLA, 68% is allocated to this segment, such as Nova Vila Retail Park (Portimão) and Ponta Delgada Retail Park. The remaining area is allocated to shopping centers, namely City Center Covilhã and the Centro Colombo (Lisbon) redevelopment and expansion. 



Office Fit Out Cost Guide - Web card
Research • Workplace

Portugal Office Fit Out Cost Guide

Transform your office in Portugal with our Office Fit Out Cost Guide 2024. Embark on optimizing your workspace in cities like Lisbon and Porto today!
Carlos Pueyo • 20/03/2024

Porto Market Update 2023

Cushman & Wakefield has launched Market Update Porto, a report that summarizes real estate market activity in the region in 2022 and early 2023.
Andreia Almeida • 21/06/2023

The Most Disruptive Decade in Supply Chain History: Six Key Trends to Watch

No other decade has been as disruptive to the supply chain as the 2020s have been thus far thanks to pandemic-induced market volatility and subsequent economic challenges. Here are six supply chain trends to watch.
Benjamin Harris • 13/09/2022


Looking for more historic or specific property market data? Get in touch.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.

Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All