Outlook Q1 2022 – Lisbon Office Market
As part of our One Stop Advisor strategy, and supported by the profound knowledge of the commercial real estate market of our Research and Agency departments, we launch the Outlook of the 1st quarter of 2022 about the Lisbon Office Market.
In this Outlook we share some relevant data of the Portuguese economy and we make a detailed analysis of the Lisbon Office Market.
The main highlights from our analysis are:
- The Portuguese economy will continue to recover throughout 2022 given the easing of some COVID-19 measures, with GDP expected to increase 4.9% by the end of 2022.
- In the first quarter, 64,300 sq.m of office space were occupied in Greater Lisbon given that the economic activity is resuming and companies have a clearer view of the market prospects.
- Prime rent in Prime CBD increased to €25.5/sq.m/month, as a sign of the lack of new office space to meet the demand in prime locations.
If you want to know more and consult the complete Outlook, download it now.