globe retail outlook data


  • Retail
  • Office
  • Log In


Portugal retail offer is dominated by retail schemes, which account over 3.4million sq m, including shopping centres, retail parks outlets, and department stores. Shopping centres are the main retail attraction. In the first decade of the millennium, total shopping centre supply almost doubled, with the opening of 124 schemes. Supply of shopping centres (with a GLA area above 5,000 sq m) currently stands at 2.8 million sq m and includes 96 schemes. There is a wide offer of shopping centres spread all over the country and the market is very consolidated and mature. The opening of new schemes is now sporadic and the market is already considered to be saturated in a few locations so there is a trend towards the repositioning and rebranding of existing schemes. The best shopping centres in the country currently have only residual or strategic vacancy. Following strong impaired during the crisis period, performance in secondary shopping centres continues to recover, with reductions in the level of rent discounts. Colombo in Lisbon, and NorteShopping in Porto, are considered the best shopping centres in Portugal. Prime rents in the premium Portuguese shopping centres have increased 12% since the 2007 peak.

Retail park’s format expanded particularly during the period between 2004 and 2008. There are currently 34 schemes in Portugal, dispersed throughout the entire country, occupying a total area of 404 thousand sq m. Retail parks, in general, are currently displaying a good performance. Prime rents have increased 5% year-on-year but are still 13% below 2007. New operators are emerging including fashion concepts and there are a few schemes with expansion projects under analysis as well as new developments in the pipeline.

There are only 5 FOC in the country which account for 143,500 sq m GLA. Freeport Fashion Outlet in Greater Lisbon and Vila do Conde The Style Outlets in Greater Porto are the best outlet centres in Portugal. Designer Outlet Algarve, is the most recent scheme, having inaugurated at the end of 2017 in the Algarve, providing the only outlet destination in the south of the country.

Chiado, Avenida da Liberdade, Baixa (downtown) and Príncipe Real in Lisbon, as well as Rua de Santa Catarina and Clérigos in Porto are the prime high street retail axis in Portugal.  In addition, the Lisbon riverfront Santa Apolónia – Cais do Sodré and the Mouzinho – Flores axis at Porto downtown, have emerged as consolidated food and beverage destinations. The increase in tourism flow, the change in the lease law (in 2012), together with several urban regeneration works, have been contributing to a very dynamic high street retail market in Lisbon and Porto. Prime high street rents in Lisbon and Porto have already increased 63% and 75% respectively from 2007 and this trend is expected to continue in both cities.

Our Top Tip For
New Arrivals

Shopping centres are the most popular route of market entry for international retailers, not only because of the consolidated nature of the market but also due to the good quality and diverse offer. However, luxury brands continue to prefer the charm and exclusivity of buildings in the historic high street locations. Colombo and NorteShopping, the prime shopping centres in Lisbon and Porto respectively are a must see. In addittion, Avenida da Liberdade, Baixa and Chiado in Lisbon and Clérigos, Aliados and Santa Catarina in Porto are established high street locations and the best place to take in the atmosphere of these historic centres. Finally, the Time Out Mercado da Ribeira is a must see and a good opportunity to have a break and get something to eat.


Euro (EUR)
EUR €1
USD $1.16
GBP £0.89


Hello: Olá
Thank you: Obrigado

International Dialing Code


Time Zone


Cost of a Pair of Jeans

99.00 EUR

Cost of a Cup of Coffee

2.70 EUR

Cities in Portugal

Contact Us

Edificio Amoreiras Square
R.Carlos Alberto da Mota Pinto, 17 - 8 A
+351 91 777 12 04 |