Portugal Industrial Market Dynamics, Q1 2026

Logistics take-up moderated to 65,100 in Q1 2026, reflecting cautious market sentiment influenced by geopolitical conflicts, with the Lisbon region accounting for 37% of activity.

Prime rents held firm and pushed upwards in prime locations, reaching a new high of €7.00/sq.m./month in leading assets in Lisbon, reflecting a persistent shortage of quality supply.

While geopolitical uncertainty introduces broader economic headwinds, the resulting emphasis on supply chain resilience and near-shoring is expected to sustain demand for modern logistics space as companies implement more resilient inventory strategies.