Porto’s Santa Catarina Street registered the 6th fastest rise in rents in Europe for the first quarter of 2016. The city of Porto has overtaken in the rent inflation ‘race’ by Sloane Street in London and Buchanan Street in Glasgow. The numbers come from the latest report by Cushman & Wakefield, which writes that Porto has become a popular destination for brands looking to expand. C&W predicts that the positive movement in rents should extend to other parts of Porto and to Lisbon, with occupancy levels recovering and yields experiencing compression.
