Savills Offices Outlook 2024 |Trends 2025

As businesses evolve, so does the landscape of Portugal’s office market. We are delighted to share the Savills Offices Outlook 2024 – Trends 2025 report, unveiling the forces shaping the future of workspaces in Lisbon and Porto.

Market Highlights in 2024:

Lisbon:

· A thriving business hub where demand is strong, driven by economic confidence.

· Take-up soared 84% YoY, reaching 206,946 sq m, reinforcing Lisbon’s appeal as a key business destination.

Porto:

· A dynamic market experiencing transformation, with key zones adapting to shifting demands.

· Take-up reached 76,581 sq m, reflecting steady business expansion and growing interest in flexible office solutions.

What to expect in 2025:

· Lisbon will continue its upward trajectory, with 200,000 sq m of projected take-up and increasing demand for sustainable and smart buildings.

· Porto is set for a market shift, with 68,000 sq m of new supply reshaping its office landscape. Its reputation as a tech and startup hub will continue to drive demand.