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Market Pulse Portugal Q1 2016

Like last year, investment in commercial real estate in the 1st quarter of 2016 presented a continuous upward trend. In the first three months, 570 million euros were invested, representing a 326% growth compared with the same period in the previous year. Yields in this 1st quarter recorded an overall decrease. Occupancy in the office market remained quite active in the 1st quarter of 2016, with a take-up volume of approximately 33.000 sq m. After the growth recorded last year, prime rents remained stable. The retail market remained dynamic, both in high street retail and prime shopping centres. The vacancy rate dropped and prime rents increased once again in some of Lisbon’s retail zones, as well as in shopping centres.

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