Insight
Portugal Industrial Market Dynamics, Q2 2025
Summary and analysis of Portugal's current industrial real estate market conditions.
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.