Office Allocations in Lisbon Reach 11-Year High

22 July 2019 – Richard D. K. Turner

Allocations of office space rose by 77% year-on-year in June, reaching an eleven-year high in the first semester of 2019. According to a report by Savills, company’s took up a total of 101,004 m2 of office space. Lisbon’s Zone 1 (CBD) accounted for 64.3% of the entire allocation in June.

Zones 1 and 5 stood out in the first six months of the year, accounting for 52.9% of total allocations (24,037 m2 and 28,463 m2 respectively). Zone 4 (Historical Centre), on the other hand, saw no new transactions in the period.

About 34% of the allocations were due to new buildings entering the market.

Original Story: Diário Imobiliário