Business outsourcing and shared services activities are driving the Porto office market
- The Porto office market registered a take-up of 65,500 sq m in 2019.
- Relocation was the main driver for office occupation (54% of the contracted area); nevertheless, the establishment of new companies represented a relevant 21% of the deals.
- Vacancy rate was 8% at the end of 2019.
- Office transactions in Porto registered an all-time capital inflow of 118 million Euros. The prime yield in CBD Boavista decreased 25 b.p. to 5.75%.