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Portugal : Office Snapshot - 1Q 2013

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Portugal : Office Snapshot - 1Q 2013

The Portuguese office market has started the year in a muted fashion, as occupier demand and consequently take up levels have been quiet. This follows the trend that was seen throughout 2012 with caution being exercised due to the surrounding economic uncertainty. However, despite these difficult conditions, prime rents have held up due to landlords offering increased incentives, such as rent free periods, or paying for fit out costs. Furthermore, prime rents in the key submarkets have held up for well over a year, despite the prevailing conditions.

Source : Cushman & Wakefield

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