CBRE issues for the first time the MarketView Porto, a report that analyses the commercial property market in Porto and highlights:

  • a growth in the supply and demand of tourism accommodation which is reflected in the expansion of the city retail activity, namely in the old town.

  • the increasing demand for office spaces from foreign companies, that wish to open or expand shared service businesses in Porto.

  • the low availability of good quality spaces, both in the office and high street retail sectors, mirrored in a reduction of take-up levels, when compared to 2016, and leading to a 4% increase in office prime rent.

  • the shortage of investment in development projects over the last years, both in the office and logistics sectors.

  • the increase in acquisitions of major sites for development as well as buildings for redevelopment, and the consequent expectation for new projects to be initiated in the near future