Estudos de mercado
Porto Office Market Dynamics, Q3 2024
Summary and analysis of Porto's current office real estate market conditions.
Novembro 08, 2024
Contributors:
- Manuela Chen
Year-to-date office take-up in Porto has surpassed the entirety of 2023 by more than 5,000 sq. m., up 36% year-over-year and 11% to 2023.
The top three deals of the year accounted for 36% of total take-up. The biggest lease was recorded by a consulting firm in the CBD Boavista submarket for more than 10,000 sq. m. It is a pre-occupation in the building “Mutual”, which is currently under refurbishment and expected to be concluded in Q1 2025.
Companies continue to seek high-quality, sustainable office accommodation, driving the ongoing redefinition of office space to adapt to ESG-compliant spaces and incorporate hybrid work arrangements.
