Figures

Lisbon Office Figures Q1 2024

Lisbon has the best first quarter ever with a record of 74,000 sq m office spaces occupied

May 2, 2024 5 Minute Read

shaun-he-zTifOu0tAbc-unsplash

Looking for a PDF of this content?

Download

  • 74,000 sq m of office spaces were occupied in Lisbon in Q1 2024, almost four times the take-up registered in Q1 2023. It is the best first quarter ever for the Portuguese capital.
  • In Q1 2024, we can highlight two relevant deals, both related to a full building occupation, totaling more than 40,000 sq m (60% of the total take-up).
  • Parque das Nações and Expansion Area accounted for 75% of the take-up in the quarter.
  • Vacancy rate increased by 0.6 pp in the Q1 2024, currently standing at 9.8%.