Porto Office Market Dynamics, Q2 2026

Leasing activity in Porto has opened 2026 at a slower pace than recent years, reflecting a more cautious occupier environment shaped by shifting macroeconomic conditions.

New supply completions remain limited so far in 2026, keeping pressure on available stock, while prime rents hold firm against a backdrop of constrained supply and steady demand.

The outlook for the second half of 2026 points toward a pickup in occupational activity, though a significant volume of speculative space in the pipeline will be a key factor influencing rental trends.