Lisbon Real Estate Market: 50 operations and 40,000 m2 of offices transacted in three months

The Lisbon office market is buoyant in 2018, and in the first three months of the year 50 operations were carried out, totaling a take-up of approximately 40,000 square meters (m2) traded. March was, moreover, the month that presented the best values, with a monthly increase of 110%, with 8,400 m2 being transacted.

According to the consultant Savills Aguirre Newman, who was responsible for nine operations in the period in question - resulting in approximately 9,500 square meters marketed, approximately 24% of market share - most of the transactions (74%) occurred are related to spaces with more than 300 m2.

The area in Lisbon with the most prominence is zone 3 (emerging zone), which includes the axis of Campo Grande to the 2nd Circular, Benfica area, Plaza de Espa?a and Sete Rios.

The beginning of 2018 surpassed the expectations and is in agreement with the one that was prospective. The office market in Lisbon continues to register good growth rates, with demand mainly focusing on the central area of the capital and business parks.

Source: Idealista