The first half of the year was in line with the average take-up volume recorded over the previous four first-half periods, despite the 50% year-on-year decrease, with the Lisbon region leading at 59% of total occupancy.

Prime rents grew in several zones over Q1 and remained stable in Q2, namely at €6.75/sq.m./month in Oeiras-Cascais (Z9).

The market outlook remains positive, due to a persistent mismatch between available quality space and tenant requirements, with significant unmet demand from third-party logistics providers and manufacturing businesses.