Savills Offices Outlook 2024 |Trends 2025

Savills launches the Retail Outlook 2024 – Trends 2025 report, providing essential insights into market trends and future opportunities in Lisbon and Porto.

Market Highlights in 2024:

· Rent increases driven by high demand and limited supply.

· Prime areas: Lisbon (Baixa-Chiado, Avenida da Liberdade); Porto (Matosinhos,Downtown, Boavista).

· Top-performing sectors: Food & Beverage, Grocery Retail, Low-cost Gyms, Fashion & Accessories.

Trends for 2025:

·  Limited supply and rising rents in prime retail locations, exceeding €140/sqm in tourist hotspots.

· Retail parks remain attractive for brands seeking larger, cost-effective spaces.

· Consumers prioritizing value-driven options amid inflation.

· Retailers enhancing omnichannel strategies to stay competitive.