Figures

Porto Office Figures Q1 2024

Porto office take-up doubled to 18,000 sq m in Q1 2024, representing the best first quarter since 2020

May 2, 2024 5 Minute Read

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  • The largest transaction was an occupation of c.4,000 sq m in Matosinhos.
  • International companies were responsible for 70% of the deals.
  • 8,300 sq m (45% of the take-up in in terms of area) were motivated by expansions.
  • Vacancy rate increased by 0.2 pp from the previous quarter, currently standing at 5.2%.
  • Prime rents remained stable from the previous quarter. CBD Boavista stands at 19.00€/sq m/month.
  • There is a latent demand of c.45,000 office spaces in Porto.