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Portugal Logistics Figures Q3 2023

Although a weaker third quarter, logistics take-up until September is 40% higher compared to the same period of last year. Rents will increase in the next months

November 6, 2023 15 Minute Read

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  • Over the third quarter, logistics take-up achieved 33,000 sq m, decreasing by 60% y-o-y and 70% q-o-q.
  • Although, the total of logistics spaces occupied until Q3 totalled almost 295,000 sq m, 40% more than in the same period of 2022.
  • Investment in logistics achieved €1.5 million through one deal in Q3.
  • Prime yields increased 25 pp over the third quarter in Lisbon and Porto.