Office Supply is not Enough

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The recent performance of the local office market has continued 2015’s trend, with a high absorption and stable prime rents. The recent data available hints at a good performance in office investment, which was around 500 million euros in 2015.

Porto’s market has been performing positively, with similar limitations on the supply side and a growing demand for areas above 500 m².

For 2016, the market is anticipated to continue in a growth market, however the lack of high quality new supply may dent this prospects and limit growth in Lisbon, however opening opportunities in other cities, which have already been emerging as viable alternatives.


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Office Supply is not Enough

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Gustavo Castro

Head of Porto Office

Porto

Gustavo joined Colliers in 1999 as a Junior Consultant. Gustavo's work was highly appreciated and in 2000 became Senior Consultant. In 2001, Gustavo was appointed head of the Porto office. In 2007 and 2008, he assisted Colliers' local offices in Africa (Mozambique and Angola).

Since 2008, Gustavo is not only responsible for the Porto office but also for the Research Team.

The Research Team has vastly improved their performance, covering several types of properties and periodically monitoring the most important property markets.

You can connect with me on LinkedIn.

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