Savills Retail Market Overview | 2025

Savills presents a brief snapshot of the Portuguese retail market in Q1 2025, a quarter marked by renewed energy and expansion.

Key- Highlights:

·  Market sentiment remains positive, with both retailers and landlords anticipating continued growth this year.

·  Strong demand for prime and high street retail locations is keeping rents resilient, especially in Lisbon (Avenida da Liberdade, Baixa-Chiado) and Porto (Downtown, Matosinhos, Boavista).

·  Tourism remains a key driver, supporting foot traffic and fueling demand across high streets and shopping centres.

·  Sectors seeing the most activity include grocery, low-cost retail, fitness, F&B, and beauty/wellness.

·  Shopping centres are thriving again, with rents now above pre-pandemic levels.

·  Retail parks continue to grow, driven by consumer demand for convenience and flexibility.