The Royal Institute of Chartered Surveyors (RICS) reports a massive increase in tenant demand in the two Iberian countries.
In Spain, tenant demand increased 60% from Q1 to Q2 this year while Portugal experienced a 40% increase, according to RICS Q2 Global Commercial Property Monitor.
Within the report, which measures sentiment among commercial property occupiers around the world, Portugal and Spain had by far the highest growth in tenant demand across Europe, with Hungary and Ireland in third and fourth place. Globally, only Japan experienced a greater increase in demand than Spain.
Additionally, expectations for Q3 in Portugal are up 80% on Q2 and almost as much in Spain.
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