Portugal Retail Market Dynamics, Q2 2026

The retail sector continued its strong performance into Q2 2026, supported by robust consumer spending that saw retail sales increase by 5.0% YoY through May.

Sustained occupier demand, particularly from luxury brands, pushed prime high street rents to new highs in key locations, while the grocery and retail park segments also experienced rental growth.

The outlook remains positive, driven by strong shopping tourism, a focus on experiential retail, a robust food sector, and operators' continued integration of physical and digital strategies.