According to the real estate consultant, the main point to be retained in the 1st semester of 2018 is the ever-growing existence of street commerce and the re-qualification of existing shopping centers, which seek to build on modernism, able to follow the trends and innovative concepts that have emerged.
On the one hand, respecting the requalification of shopping centers, leisure and catering areas are considered as the main targets for modernization, where it is intended to create spaces that contribute to a greater permanence of consumers in the commercial space.
An example of this is the expansion and requalification of some of the most important Portuguese shopping centers such as the Colombo Shopping Center, Norte Shopping, Oeiras Parque and Glicínias Plaza, which will contribute to an increase in the commercial offer.
In the first half of the year, Immochan (Auchan Group) bought the Forum Montijo, Sintra Forum and Sintra Retail Park shopping centers to the US $ 411 million Blackstone fund, reinforcing its market leadership.
On the other hand, and also another great center of attention in this semester analysis, we have the street store trade. In this regard, the city of Lisbon has been the scene of a very fast pace of new stores and concepts, such as the "neighborhood store and convenience store" that are now successfully implemented. Lisbon, is now the most "cool" capital at European level, attracting audiences from all backgrounds and offering a very differentiated commercial offer.
According to Worx, Real Estate Consultants, the restoration activity continues to dominate the market for new openings and in this first half of 2018 we highlight the continued expansion of the Portuguese Bakery, Hagen Dazs, Santini, H3, Go Natural, 100 Montaditos , Subway and opening of new establishments by the insignia Loja das Conservas, Amélia, Cantina do Avillez and Jamie's Italian.
Like the street trade in Lisbon, the city of Porto has also witnessed a growing dynamism and has established itself as a cosmopolitan urban center, in transformation and adaptation to changing consumer profiles and in response to the consequent need for modernization.
It is true that the high demand of street stores has motivated the increase of incomes, in particular in the area of Baixa and Cais do Sodré. On the other hand, the axis of Avenida da Liberdade registered a decrease, currently standing at 90 € / m2 / month justified by the availability of spaces that do not meet the profile of a demand directed to smaller spaces.
According to the WMarket 2018 study by Worx, the prime figures are the same in both the Lisbon and Porto cities, in the case of shopping centers (€ 95.00) and Retail Parks (€ 10.00). In relation to the street trade, Lisbon presents a value of 130.00 € while in Porto the value is 55.00 €.