29 April 2019 – Hipersuper
The real estate consultancy Savills Portugal believes that the supply of industrial and logistical real estate in the greater Lisbon area will continue to trail demand during 2019, limited to pre-existing warehouse facilities as new developments are nowhere to be seen.
Rents are expected to rise in the face of highly limited supply, leading to the renegotiation of existing contracts. Turnover amounted to a total of 180,300 square meters, a decrease of 17% over the same period of 2017. Rents may rise slightly, especially in more central areas.
Last year, the area between Alverca and Azambuja saw the region’s highest level of absorption with around 70,000 square meters, followed by Palmela and Setúbal (28,594 m2) and Loures and Vialonga (23,682 m2).
Original Story: Hipersuper – Rita Gonçalves
Translation/Summary: Richard D. K Turner