Portugal Commercial Real Estate: Trends & Predictions
Portugal’s commercial real estate is a magnet for investors seeking prime opportunities. Let’s explore the key trends shaping 2024 and anticipate developments in 2025, drawing insights from CBRE’s latest market outlook.
Retail & Hotels: Top Investment Choices
Retail and hotels are expected to be investor favorites in 2025. Portugal’s thriving economy, vibrant tourism, and rising consumer confidence enhance the appeal of retail investments. Hotels, particularly since 2019, have gained prominence, aligning with increasing tourism.
Lisbon: Office Rent Growth on the Horizon
Lisbon’s office sector thrived in 2024, boasting impressive growth. Expect this momentum to continue into 2025, with rising office rents. New, high-quality office spaces, reaching nearly €30 per month, are poised to meet strong demand across the city.
Portugal: A Strategic European Hub
Portugal offers access to a skilled, diverse, and multilingual workforce. Ranked high in English proficiency, it’s a magnet for multinationals seeking competence centers.
Multinational companies are increasingly establishing competence centers in Portugal, attracted by access to top talent coupled with cost-effective salaries.
Industrial & Logistics: A Sector of Strength
The industrial and logistics sector experienced notable momentum in 2024. Favorable geopolitical conditions and Portugal’s solid economy have fueled record-high industrial take-up.
Lisbon & Porto: Hotel Boom Ahead
Hotels are a crucial pillar of commercial real estate. With tourism projected to surge, Lisbon and Porto are set for a record year with an increase in tourists in 2024. With tourism projected to grow even in 2025, investing in hotels will give a good return on investment.
Sustainability: The New Standard
Sustainable commercial properties are now the norm. Investors expect sustainable buildings.
