Savills News

Savills/Predibisa market leader in office spaces in Porto since 2020

The dynamism of the region is driving the consultancy’s positive performance, reflected in the office space placed between 2020 and 2023  

Savills/Predibisa continues to be the leader in the placement of office space in Greater Porto, a position held since 2020. This has now been reinforced by this year’s growth indicators, which were calculated with the contracting of 17,237 sq. m of space in the five main areas of the city (Baixa, Boavista, Oriental, Outros Porto and ZEP).

These consolidation indicators for 2023 are the result of the overall take-up of 36,811 sq. m of space and the 40 operations carried out in the first half of the year, also representing the recovery of business and the confidence of investors and companies in the northern region of Portugal.

Savills/Predibisa’s continued growth forecasts until the end of the year add even more value to the take-up verified in demand for office space in the city of Porto, with 58,493 sq. m of total space placed and 76 transactions in the previous year.

In the 20/21 biennium, the consultancy reinforced its performance as a leader in the sector, during what was a scenario of uncertainty across all the main segments of activity, closing 2020 with 53,856 sq. m of total contracted area and a reduction of just 17% (11,125 sq. m) compared to 2019 (64,981 sq. m).

“Greater Porto is increasingly strong in attracting companies, where the

initiatives by the municipalities of the region, developers and consultants have boosted demand for modern, well-located offices, highlighting the area as a destination and first choice for companies. The promotion of this type of synergy has attracted companies from various areas, thus strengthening the office market and boosting the local economy”, states Paulo Silva, Head of Country at Savills.

According to Graça Ribeiro da Cunha of Savills/Predibisa, responsible for the Offices & Retail market in the northern Portugal region: “The Greater Porto area continues to have all the infrastructures and numerous solutions, with large office areas, suitable even for the current context of digital transformation of companies, which allows us to accompany and respond to this evolution in the property market.” 

In short, Porto’s high attractiveness in foreign markets will continue to boost the current dynamic sustained by various projects located in the Business District of Boavista and Baixa, among other strategic areas for the installation and expansion of companies in the region, linked to “TMT's & Utilities”; “Business Services”; “Construction and Real Estate”; “Consultants and Lawyers”; “Pharmaceuticals and Health”; “Financial Services”; “Consumer Products”; among “Other Services”.

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