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Retail By City

PortoPortugal

city rank #96

City Overview

As with Lisbon, Porto high street retail has flourished, driven by the tourism growth and more recently the renovation of several buildings in the historic centre and downtown area. Prime rental values have increased 17% in the past year. High street retail in Porto is very dynamic at Rua de Santa Catarina, Clérigos and in the Mouzinho-Flores axis. The Mouzinho-Flores is a zone of the city where a growing number of refurbishment projects have emerged, mainly for tourism purposes, which incorporate on the ground-level a large and cosmopolitan supply of food and beverage concepts, as well as fashion brands. Avenida da Boavista and the Aviz zone continues to display a premium offer targeting the local market. Aliados, is the main street in the historic centre and despite not presenting a consolidate offer, has currently several redevelopments in course and in pipeline and is expected to emerge as the prime retail

axis in Porto. In addition, the renovation works of the downtown Bolhão Market have initiated in mid-2018 and are due to be completed in two years. The project anticipates a food hall concept and is expected to rejuvenate Rua Sá da Bandeira where it is located. International operators, which have recently opened in Porto for the first time include Calvin Klein watches+jewelry, Armani Exchange, Havaianas, New Balance, Samsonite, Hard Rock Café amongst others.

Currently 21% of the 3.4 million sq m of retail schemes in Portugal are situated in Greater Porto. The best retail schemes in Porto are NorteShopping and Vila do Conde The Style Outlets (FOC). These schemes are almost fully let and are performing well. The expansion of 15,000 sq m in NorteShopping is in course with forecast opening in 2019.

Things to do

See

Work

High Street: Clérigos, Aliados, Rua das Flores and Santa Catarina; Shopping Centers: Norte Shopping, Arrábida Shopping, Mar Shopping, Vila do Conde The Style Outlets


Rest

Wine cellars at Vila Nova de Gaia, Ribeira (Historic Zone), Palácio da Bolsa, Torre dos Clérigos, Casa da Música, Museu de Serralves, cruise at Douro river


And be seen

Eat

Cafeína, BH FOZ, , Terrasse, , Casa Vasco, Casa de Pasto da Palmeira, Bom Sucesso Market, Gazela Cachorrinho da Batalha, Café Santiago, Ichiban Bar, Ikeda, Misto, Bar Tolo, Casa Guedes, Masgestic


Drink

Champanharia da Baixa, 17º - Hotel D. Henrique, Miradouro Ignes, Base, Nortada, Porto Cruz, Vincii Roodtop, Praia da Luz, Vogue Cafe


Be Merry

Gin House, Fé, Plano B, Casa do Livro, Stox Club, Yeatman, Brasileira Hotel


Other Cities in Portugal

Contact Us

CARLOS RÉCIO
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+351 21 311 44 66 | carlos.recio@cbre.com