Porto Prime Index promises greater transparency in Porto’s office market

The Porto Prime Index was presented on March 3rd, in Porto, by Confidencial Imobiliário with the support of the main real estate consultants that operate in the national market but also with the collaboration of the Porto City Council in this event. This is the first index of offices in Porto and will monitor the occupation of space in office buildings. An information tool that provides greater transparency to the market and that supports the numerous research studies developed by international consultants with a presence in the City of Porto.

According to the first results of this analysis, in 2019, around 55 thousand square meters were occupied in the Porto region. The main occupants were the TMT´s & Utilities companies, followed by the financial services, pharmaceutical, health and consumer products companies.

The areas that registered the highest values ​​were the CBD of Baixa and Boavista, with average values ​​close to 14 € / m2. The highest prime rent was located in Boavista, reaching 18€/m2.

In the words of Ricardo Valente, Councillor for Economy, Tourism and Commerce, in Porto City Council "Porto Prime Index marks the moment of professionalism in the real estate market in Porto and is a fundamental reference for attracting capital, both for investors and final occupants”.

In the presentation of Porto Prime Index, António Gil Machado on behalf of Confidencial Imobiliário recalls "the effort of more than 20 years of Confidencial Imobiliário in providing an information reference to the office market”. He adds that "Porto Prime Index is due to the dynamism of Porto’s real estate market, which allows the creation of an information system with sufficient relief and dimension”.

The first public results are already available at www.confidencialimobiliario.com