Commercial floors, tenancy on file.
842 retail units, offices and mixed-use floors with tenancy history and yields attached.
- 38Cities
- 24 128Listings
- 1 940Agents
01 / Investment marketOccupier market
842 income-producing files with tenancy schedules and yields attached
196 floors available inside ninety days, service charge and fit-out stated
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Prime net initial yield
5.25%+25 bps
Lisbon offices, fully let, institutional covenant.
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Assets on the register
842
Retail, office, logistics and mixed-use files.
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Median lot size
€2.4M
Half the register sits under three million.
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Average WAULT
4.8 yrs
Weighted to expiry across let assets.
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Vacancy in stock
7.4%−0.6%
By area, across the whole register.
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Prime office rent
€312+4.1%
Per m² per year, Avenida da Liberdade.
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Floors available now
196
Ready to occupy inside ninety days.
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Median service charge
€68
Per m² per year, offices with a managed lobby.
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Typical fit-out
€640
Per m², category B, open plan with meeting rooms.
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Median term
5 yrs
With a tenant break at year three.
02 / The incomeThe occupancy cost
Baixa 44
Yields are net initial: rent less non-recoverables, over price plus acquisition costs.
Occupancy cost is rent, service charge and amortised fit-out — the number your finance director asks for.
Purchase and income · per annum
Annual cost of occupation
- Asking priceCOM-0208 · Lisbon €3 911 / m² €4.85M
- Acquisition costsIMT, stamp duty, notary, agency and legal 6.8% of price €329 800
- Passing rentFully let on the schedule below per annum €286 000
- Non-recoverablesVoid service charge, insurance, management per annum −€18 400
- Capex reserveLift, roof and plant over the first five years one-off €42 000
Net initial yield €267 600 net income over €5.18M total outlay 5.17%
- Rent1 240 m² at €231 per m² per annum €286 440
- Service chargeCommon parts, security, plant maintenance €44 / m² €54 560
- Fit-outCategory B, amortised over the five-year term €380 / m² €94 240
- Rent-free incentiveSix months on a five-year term, spread credit −€28 644
- Business ratesMunicipal IMI, payable by the occupier per annum €17 186
Total occupancy cost €342 per m² per year, all in €423 782
The metrics
The space
- Net initial yield
- 5.17%
- Gross yield
- 5.90%
- Reversionary
- 5.17%
- WAULT
- 6.2 yrs
- Area
- 1 240 m²
- Desks
- n/a
- Cost per desk
- n/a
- Energy
- EPC B
Covenant and structure
Terms on offer
- Tenant covenantStrong
- Lease structureInstitutional
- VAT option to taxExercised
- Building conditionGood
- Ready to occupyOn expiry
- Fit-out conditionCat A
- Term flexibilityBreak at year 3
- Sub-lettingPermitted
03 / Tenancy scheduleFloor availability
Who pays the rent at Praça NovaWhat is free at Praça Nova
| Unit | Tenant | Area | From | Expiry | Rent p.a. | Status |
|---|---|---|---|---|---|---|
| G-01 | Nespresso BoutiqueRetail A1 | 312 m² | Mar 2021 | Mar 2031 | €96 000 | Let |
| G-02 | Padaria PortuguesaFood & beverage | 184 m² | Sep 2022 | Sep 2027 | €52 000 | Break 2026 |
| 1-01 | Bureau ValléeOffice | 268 m² | Jan 2020 | Jan 2028 | €46 000 | Let |
| 1-02 | VacantOffice | 146 m² | — | — | — | Vacant |
| 2-01 | Studio MarésOffice | 196 m² | Jun 2023 | Jun 2033 | €54 000 | Let |
| 2-02 | Clinica DentáriaMedical | 134 m² | Nov 2019 | Nov 2026 | €38 000 | Expiring |
6 units · €286 000 passing · one vacant unit at 146 m² Download the rent roll →
| Floor | Space | Area | Available | Term | Rent p.a. | Status |
|---|---|---|---|---|---|---|
| G | Ground floor · showroomRetail A1 | 312 m² | Immediate | 5 yrs | €72 000 | Available |
| 1 | First floor · open plan42 desks | 268 m² | Immediate | 5 yrs | €60 000 | Available |
| 2 | Second floor · split31 desks | 196 m² | 01 Oct 2026 | 3 or 5 yrs | €44 000 | Available |
| 3 | Third floor · let to Studio MarésOffice | 196 m² | — | Jun 2033 | €54 000 | Let |
| 4 | Fourth floor · terrace24 desks | 146 m² | 01 Jan 2027 | 5 yrs | €38 000 | Under offer |
| R | Roof · plant and terraceAmenity | 88 m² | With any floor | — | — | Included |
Available now: 776 m² across three floors · 121 desks Download the floor plates →
04 / Income at riskRent by floor
A yield is only as good as the leases behind it. This is when Praça Nova's income has to be re-signed — hover a year to see what it means.
At Praça Nova the upper floors carry a premium for light and terrace access. The ground floor is quoted as retail, not office.
€46k of income reaches expiry or break in 2028 — 16% of the passing rent. Budget three months of void and a fit-out contribution on each.
05 / Before you commit
The six items our transaction desk closes before exchange. Two are still open on Praça Nova.
What has to be agreed before heads of terms become a lease. Two are still open.
- Tenancy schedule signed offEvery lease, rider and side letter read against the rent roll Complete
- Rent deposits verifiedThree months held per tenant, bank confirmed Complete
- Structural surveyRoof covering has eight years of life left Complete
- Environmental screenPhase I clear; no phase II required Complete
- VAT option to taxExercised by the vendor — confirm it transfers Open
- Planning use classFirst floor consented as office, used as clinic Query
- Heads of termsRent, term, break, rent-free and service charge cap Drafted
- Fit-out licenceLandlord consent to alterations, agreed in principle Drafted
- Service charge capCapped at €78 per m² with a 4% annual collar Agreed
- DilapidationsSchedule of condition attached to exclude existing wear Open
- Break noticeSix months, tenant only, at year three Agreed
- GuarantorParent company guarantee or six months' deposit Open
06 / Register
8 assets on the register
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Retail
Freehold
COM-0208
Baixa 44
Lisbon · 1 240 m²
€4.85Masking
€231/ m² / year
5.17% net initial · €3 911 / m²
€0 per year for the available space
Fully let
0 m² available
EPC B
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Office
Freehold
COM-0214
Praça Nova Offices
Lisbon · 3 860 m²
€11.20Masking
€224/ m² / year
5.69% net initial · €2 902 / m²
€120 960 per year for the available space
14% vacant
540 m² available
EPC A
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Logistics
Freehold
COM-0221
Matosinhos Logistics
Porto · 9 400 m²
€8.60Masking
€64/ m² / year
6.34% net initial · €915 / m²
€0 per year for the available space
Single let
0 m² available
EPC A
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Mixed use
Long leasehold
COM-0229
Cais Workshops
Lisbon · 2 150 m²
€3.95Masking
€168/ m² / year
5.62% net initial · €1 837 / m²
€93 912 per year for the available space
26% vacant
559 m² available
EPC C
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Retail
Freehold
COM-0236
Rua Sá da Bandeira 90
Porto · 640 m²
€1.78Masking
€175/ m² / year
5.51% net initial · €2 781 / m²
€0 per year for the available space
Fully let
0 m² available
EPC B
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Office
Freehold
COM-0244
Parque das Nações D
Lisbon · 2 480 m²
€7.40Masking
€246/ m² / year
4.93% net initial · €2 984 / m²
€0 per year for the available space
Fully let
0 m² available
EPC A
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Logistics
Freehold
COM-0251
Gaia Trade Park
Porto · 14 200 m²
€12.80Masking
€58/ m² / year
6.29% net initial · €901 / m²
€121 800 per year for the available space
Two tenants
2 100 m² available
EPC B
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Retail
Freehold
COM-0258
Rossio Arcade
Lisbon · 880 m²
€3.20Masking
€268/ m² / year
4.89% net initial · €3 636 / m²
€0 per year for the available space
Fully let
0 m² available
EPC C
No retail space is available to occupy right now. Switch to Invest to see retail assets for sale, or pick another sector.
07 / Benchmarks
Yields and rents by sector
| Sector · city | Prime yield | Prime rent | Vacancy | 12-mo take-up | Direction |
|---|---|---|---|---|---|
| Prime officeLisbon · Avenida | 5.25% | €312 / m² | 6.1% | 148 000 m² | ▲ Rents up |
| Secondary officeLisbon · Parque | 6.40% | €228 / m² | 11.8% | 62 000 m² | ▼ Softening |
| High-street retailLisbon · Chiado | 4.85% | €1 680 / m² | 2.4% | 18 000 m² | ▲ Rents up |
| LogisticsPorto · Matosinhos | 6.10% | €64 / m² | 3.2% | 212 000 m² | ▲ Rents up |
| Prime officePorto · Boavista | 5.90% | €204 / m² | 8.4% | 71 000 m² | — Stable |
| HospitalityLisbon · Baixa | 5.60% | €248 / m² | 4.9% | 34 000 m² | ▲ Rents up |
Prime yield is net initial on a fully let, institutionally acceptable asset Investment market report →