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The Lisbon Office market was Tenant Friendly in this first quarter of 2014, however we are moving to a balanced market between tenants and landlords. The rents still under pressure, but it is expected a gradual growth since the end of the year. The vacancy rate stills high and the take-up levels are low, though with a perspective of increasing, still with the lower levels since the pre-crisis period. Parque das Nações was the zone with the higher demand in the first three months, where there has been a significant growth of activity. The key corporate trends have focused mainly on costs reduction and on increasing efficiency of workspaces.
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23 May 2014