Global Occupier Markets: Prime Office Costs – Q4 2025

Commercial Leasing 06 February 2026

Over the past two years, net effective costs for best-in-class office space have risen significantly across most of the 40 markets we track, with a global average increase of 9.2%. In this report, we explore the drivers of this growth, examine key regional dynamics and highlight the structural differences emerging across major business hubs. We conclude with insights from our global outlook for 2026.

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About this property

Real Calçada is a residential development on Calçada das Necessidades, combining historic architecture with contemporary living in one of Lisbon's most sought-after areas, in Estrela.

Comprising 13 two- to four-bedroom apartments, with areas ranging from 100 sqm to 229 sqm, it offers spacious layouts with private gardens, balconies and terraces. Selected units benefit from river views. Set within a restored former palace, the development includes landscaped gardens, terraces with swimming pools, generous outdoor spaces and parking.

Lisbon, located on the coast and facing the Atlantic, has gained prominence as a national and international destination. The city is marked by the Tagus estuary, the 25 de Abril bridge, and a climate with many sunny days throughout the year. Gastronomy is one of its strengths. The short distance to several beaches is another advantage of living in the capital.

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Real CalçadaEstrela, Lisboa

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