60 / 116
60 // iberian.propery / 2017
dossier// ISSUE: TOP IBERIAN cities
INDUSTRIAL
The lack of quality supply continues to restrict the industrial real estate
market. Nevertheless, the 1st semester of 2017 displayed growth in the
demand for spaces in the Greater Lisbon Area, albeit concentrated in
the prime zones, and on a scale that is still insufficient to correct the high
vacancy rates in the Montijo, Alcochete and Palmela secondary zones.
63
63.000 m² taken up |
14 new occupancies were
identified in the 1st semester, with take-up growing
17% compared with the same period the previous year
3
,75
3.75 €/m² maximum rent |
the low average
rents practised (between 2.00€/m² and 3.75€/
m² per month, depending on the zones) continue
to seriously limit the growth in supply. However,
increasing pressure from the demand side may
enable a rise in rents in some locations.
HOTELS
Over the past couple of years, the region has been positioning itself as
the principal tourist destination in Portugal, which was made possible
by the solid growth in the country’s tourism activity. And that growth is
most pronounced in the capital city.
69
69.05 € RevPAR |
RevPAR continues to evolve
favourably in the entire region, and in 2016 this
indicator stood at 59.18 €
90
,6
90.60 € ARR |
Despite the increase in supply, solid
growth in demand sustains the increase in hotel room
prices in the city, which continue to be among the
lowest among European capitals. For the region as a
whole, the average room price was 80.65 €
18
18 new hotels |
Lisbon leads the number of new
hotel openings expected for Portugal in 2017
30
30.646 rooms |
in supply in the Lisbon region at the
beginning of the year, 20.634 of which are in the city
of Lisbon
76
,2%
76.2% occupancy |
the occupancy rate was higher in
the city centre, and was 72.5% for the entire region
5
,6
5.6 million guests |
in the region in 2016, of which
more than 4 million stayed in the city of Lisbon
13
13.146 million overnights |
9.7 million of which were
in the city of Lisbon
Tourism and hospitality are among the fastest growing
sectors in Lisbon’s property market, where there is
still plenty of room to grow. According to Deloitte, the
Portuguese capital concentrates only 4% of the hotel
accommodation units available in Portugal and 5% of the
number of hotel beds in the country.
source: Hospitality Atlas 2017, Deloitte
sources: Cushman & Wakefield, CBRE