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Retail By City

LisbonPortugal

city rank #42

City Overview

Lisbon high street retail has been flourishing over the past six years due to strong tourism growth, changes in the lease law and the regeneration of the Lisbon’s historic centre. The prime high street retail areas in Lisbon are Avenida da Liberdade, with a luxury and high-end supply; Rua Garrett in Chiado, is the most vibrant retail area providing an eclectic combination of well-known retailers like Inditex group and Hermés; and Rua Augusta showing a wider mass-market offer and several food retail units with terraces targeting tourists. New brand entries in Lisbon that established in these prime axis in the last couple of years include Versace, Bvlgari, Armani Exchange, Tumi, New Balance and Paul. New food and beverage concepts are popping-up throughout the Historic Centre of the city, including not only the prime high street axis but also Príncipe Real and the river front axis close to Time Out Mercado da Ribeira in Santos, where tourism flow is stronger.

Despite the refurbishment of several buildings in the city centre, in Rua Garrett (Chiado) the shortage of available spaces to let has been driving rental values to increase by 63% since 2007; and this upward trend is likely to continue. On the contrary, on Avenida da Liberdade, 9 units resulting from the renovation of buildings are expected to become available over 2018 and 2019. Transactions involving the payment of key money continue to be prevalent, namely in Rua Garrett and Rua Augusta.

Currently 35% of the 3.4 million sq m of retail schemes in Portugal are located in Greater Lisbon. The best shopping centres in and around Lisbon are Colombo, Vasco da Gama, CascaiShopping, Almada Forum and Amoreiras Shopping Centre. Sintra Retail Park located in the area surrounding Lisbon is considered the prime retail park in Portugal. Alfragide area, 10 min drive away from the Lisbon city centre, is well-known for big box retail units including IKEA, Decathlon, Staples Le Roy Merlin, amongst other. Freeport Lisbon Fashion Outlet, is the biggest outlet centre in Portugal. Alegro Setúbal opening in 2014 was the only addition to the Lisbon region retail stock since 2010. There are no new shopping centre in the pipeline in the medium term, however the expansion works of 6,000 sq m in Oeiras Parque are due to be completed early in 2019 and the17,000 sq m at Colombo are likely to start soon. In addition, there is a new retail park foreseen in Estoril comprising 8,000 sq m.

Things to do

See

Work

High street: Avenida da Liberdade, Baixa and Chiado, Príncipe Real; Shopping Center: Centro Colombo, Vasco da Gama, Dolce Vita Tejo and Freeport Lisbon Fashion Outlet


Rest

Castelo de São Jorge, Torre de Belém, Parque das Nações, Costa da Caparica Beach, Sintra and Cascais (30 km from Lisbon)


And be seen

Eat

Time Out Mercado da Ribeira, JNcQUOI, Belcanto, Cevicheria, Pizaria Zero Zero, Pastéis de Belém


Drink

Have a drink, enjoying the best views over Lisbon at Park, Terrace BA, Topo


Be Merry

Cais do Sodré (Pink Street), Bairro Alto neighbourhood, Docas (waterfront), Lux


Other Cities in Portugal

Contact Us

CARLOS RÉCIO
Edificio Amoreiras Square
R.Carlos Alberto da Mota Pinto, 17 - 8 A
+351 21 311 44 66 | carlos.recio@cbre.com