Our market
Greater Lisbon
Portugal's largest logistics market, home to 2.9 million people and the country's main port and airport.
A market short of space
Occupier demand in Greater Lisbon runs well ahead of the modern space available and planned, and rents have followed.
Sources: Savills, year-end 2025 (demand, supply, rents); CBRE, Q2 2026 (vacancy).
Our corridors
Three established corridors carry most of the region's logistics demand. Montijo–Alcochete, south of the Tagus, is where the region is growing.
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Western Corridor
Oeiras, Sintra and Cascais. Closest to the most affluent consumers in Lisbon, with almost no space available.
€7.25Prime rent, per sqm per month
Sacavém–Alverca
Loures, Sacavém and Alverca, next to the airport and the Vasco da Gama bridge. The most active zone: 36% of Greater Lisbon take-up in 2025.
€6.75Prime rent, per sqm per month
Castanheira–Azambuja
Vila Franca de Xira to Azambuja: Portugal's main north–south distribution axis for national and Iberian networks.
€5.50Prime rent, per sqm per month
Montijo–Alcochete
South of the Tagus across the Vasco da Gama bridge, with land still available and the new Lisbon airport planned nearby. Rents sit below the core corridors today, with the most room to grow.
€5.25Prime rent, per sqm per month
Prime rents: Savills, year-end 2025, units of 10,000 sqm or more.
Rents
Rents have followed demand
Prime logistics rents in Lisbon rose from €4.00 to €7.25 per sqm per month between 2019 and 2025, as new Grade-A supply lagged demand.
Lisbon prime logistics rent, € per sqm per month, year-end. Sources: Colliers, Savills.
Catchment
Within reach of the city
Every site we acquire meets a minimum population catchment by drive time.
Minimum population within each drive time. Cawthorn site selection criteria.
Insights
The full market overview
Zone-by-zone demand, supply and rents, recent lettings, investment transactions and the development pipeline.
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