Porto Office Market Dynamics, Q2 2025

With a total of 9,515 sq.m., office take-up in Porto during the first half of 2025 was down 66% year-on-year, marking one of the weakest periods on record.

The top three deals accounted for 30% of total take-up. The largest deal was recorded by a company operating in the pharmaceutical & healthcare’s sector in the Other Zones Porto submarket (Z5) for 1,224 sq.m.

We expect to see larger area deals in the second half of the year, driving up the average deal size.