Reduce number of deals is driving take-up downwards
- Porto registered 9,000 sq m office take-up in Q2 2020.
- The relocation of companies was the main driver, recording 77% of the area occupied. International companies led 63% of the deals.
- Vacancy rate was 8.8% at the end of Q2 2020.
- Pipeline comprises 38,500 sq m, due to be completed until the end of the year, of which 52% are already committed.
- Rents remained stable from previous quarter.