Industrial & Logistics Market Overview Portugal Q3 2025 (Lisbon)

By end of Q3 2025, Portugal's industrial and logistics investment reached €148 million year-to-date, surpassing 2024 and 2023 volumes and representing 8% of total commercial real estate investment, though an imbalance persists between strong occupier demand and slower investment activity due to a critical shortage of modern, technically compliant facilities. Greater Lisbon recorded 205,594 sq m of take-up in the first nine months of 2025 (down 5% year-over-year), with logistics stock at 3.52 million sq m (+8% year-over-year) and a 3.66% vacancy rate, with the Sacavém-Alverca and Montijo-Alcochete corridors accounting for 57% of take-up driven by 3PL operators and distribution companies.