Migração de Empresas - Savills · There is a trend for contiguous zones in company moves in 2015...
Transcript of Migração de Empresas - Savills · There is a trend for contiguous zones in company moves in 2015...
Migração de EmpresasOffices – Market study
LisboN 2017
Migração de EmpresasLisbon 2017
Aguirre Newman has conducted the 7th study about
companies mobility on the Lisbon office market, this time for
the years 2015 and 2016 in order to identify the office areas
where companies are moving into, exhaustively detailing the
take up over the last two years along with the office areas
where these companies are coming from.
Aguirre Newman analysed more than 450 lease transactions,
quantified occupied office areas, zones of origin and
destination, as well as the different companies’ sectors of
activity. it was also identified the operations that involved an
increase in area due to organic expansion of the companies
and the operations that were regarding first occupations
such as start-ups.
Lisbon Prime Index (LPI) provides information that allows to
take several conclusions about Lisbon’s Office Market in 2016:
→ The office area take-up of 146,785 sq.m. in 2016 was 15%
superior than 2015 (144.513 sq.m).
→ There were 201 office lease transactions.
→ out of all these operations, 98 trades were regarding areas
of less than 300 sq.m.
→ Four office buildings were completed, resulting in 35,500
sq.m. of new office space.
→ The market accounted with 4,638,921 sq.m. of office space.
→ Another 6 office buildings are expected to be concluded in 2017
and 2018 raising the available space by another 57,817 sq.m.
< 300 sqm 301 - 800 sqm 801 - 1.500 sqm 1.501 - 3.000 sqm 3.001 - 5.000 sqm > 5.000 sqm
Area Contracted
Transactions (nº)
75%
25%
Destination Zone 4
19%
33%7%
15%
26%
Destination Zone 3
6%
9%
42%
6%
36%
Destination Zone 1
4%
43%
9%
41%
Destination Zone 2
5%
5%
55%
5%
30%
Destination Zone 7
Destination Zone 5
7%
7%
43%
43%
14%
61%
4%
19%
Destination Zone 6
The “Migração de Empresas” Market study 2017 involved 458
office lease operations, with 257 in 2015 and 201 in 2016.
The analysis was conducted taking into account three
distinct perspectives:
→ By the number of trades - office operations in each
destination zone, taking into account each of the origin
Zones and office operations in the Destination Zones broken
down by the contracted area (< 300 sq.m.; 301 to 800 sq.m.;
801 to 1,500 sq.m.; 1,501 to 3,000 sq.m.; 3,001 to 5,000 sq.m.
and > 5,000 sq.m.), in each of the origin Zones;
→ By area leased - area of offices contracted in each Destination
Zone, taking into account each of the origin Zones.
→ By sector of activity - analysis of the office operations
undertaken and the respective area contracted in each
Destination Zone, for each of the 10 sectors of activity
defined in the LPi (Consultants and Lawyers; state; Europe
and Associations; Pharmaceuticals and Health; other
services; Consumer Products; service Companies; Financial
services; TMTs & Utilities and Construction and Real Estate)
Comparing the results from 2015 and 2016 regarding the area
take-up (See Migratory Map), it was concluded the following:
→ The area contracted in Destination Zone 1 (Prime CbD)
in 2016 stayed in line with 2015 regarding the same kind
of origin. However, a higher origin from the same zone
The information contained in this brochure is a summary
of “Migração de Empresas” Market Study 2017. For further
information, please contact Aguirre Newman Portugal.
was registered. Companies from Parque das Nações also
represented a greater origin of transactions.
→ The area contracted in Destination Zone 2 (CbD) in 2016
shows a greater origin from CbD (zone 2) being in line with
2015. it was verified an increase of companies provenient
from Prime CbD. These numbers in CbD are justified by the
lease of Grupo CGD for Álvaro Pais 2.
→ The area contracted in Destination Zone 3 (Emerging Zone) in
2016 compared with 2015 shows a greater origin from the same
zone rather than Prime CbD (zone 1) and CbD (zone 2). These
numbers reflect the move by bNP Paribas to Torre ocidente
building, in Colombo, and Manpower to Torres de Lisboa.
→ The area contracted in Destination Zone 4 (secondary Zone)
in 2016 stayed in line with 2015, showing a greater origin
from Prime CbD. We also noted a greater origin from start-
up companies.
→ The area contracted in Destination Zone 5 (Parque das
Nações) in 2016 stayed in line with 2015, reflecting a greater
Activity Sector
Area Contracted (sqm) Destination Zone 1 Destination Zone 2 Destination Zone 3 Destination Zone 4 Destination Zone 5 Destination Zone 6 Destination Zone 7
Consultant & Law 2% 5% 1% 0% 0% 1% 0%
State, Europe and Associations 2% 2% 1% 0% 0% 0% 40%
Pharmaceutical & Health 4% 2% 3% 0% 4% 10% 0%
Non Identified 0% 0% 0% 0% 0% 8% 0%
Other Services 17% 3% 8% 0% 10% 15% 21%
Consumer Products 2% 4% 0% 0% 9% 6% 0%
Company Services 38% 49% 29% 81% 6% 10% 13%
Financial Services 32% 15% 36% 0% 10% 0% 2%
TMT’s & Utilities 3% 18% 19% 6% 58% 43% 24%
Construction and Real Estate 0% 2% 4% 13% 2% 7% 0%
This study also let us come to the following conclusions about companies’ migration in the Lisbon office market between
2015 and 2016.
1. Loyalty to the same Origin
in 2015, around 45% of the number of trades
(corresponding to 46% of the traded area) and 46%
of the number of trades (corresponding to 59% of the
traded area), in 2016, took place within the same Zone.
2. Contiguity Zone 1 (Prime CBD) / Zone 2 (CBD) / Zone 3
(Emerging Zone)
There is a trend for contiguous zones in company moves in
2015 and 2016, namely concerning the Zones 1 (Prime CbD),
2 (CbD) and 3 (Emerging Zone). This may be explained by the
fact that these three zones constitute a “geographic conti-
nuity” inside the city of Lisbon, where the levels of accessi-
bility and available services are in some way comparable.
3. Weight of the Initial Origin of the Activity
Considering all transactions, 14% of the number of trades
(corresponding to 8,3% of the traded area) in 2015 and
9% of the number of trades (corresponding to 3,4% of the
traded area) in 2016 were start-up companies.
4. Number of trades occurred in Destination Zones 1 and
2, with a similar Origin matrix in 2016 and 2015.
Analysing all the transaction, it is possible to observe that
the origin of the contracted area in destination Zone 1
and Zone 2 is quite similar in 2016 and 2015, except for the
occupations of Liberdade 252 by Havas and Álvaro Pais 2
by Teleperformance.
5. Area requirements as decision factor in the move in 2016.
Approximatly 53% of the office lease transactions
registered in 2016 correspond to an increase in the
occupied area compared with the previous occupation,
i.e. more than half the number of trades were moves
from smaller offices to bigger offices and/or contracting
additional area at the same address.
origin from the same zone. There was also a clear increase
in the area contracted from companies oUT Lis and a
decline of companies from CbD (zone 2).
→ The area contracted in Destination Zone 6 (Western
Corridor) in 2016 stayed in line with 2015, showing the
dominance of the same zone origin. in 2016, it was also
registered an increase in area contracted provenient of
companies with origin in CbD (Zone 2).
→ The area contracted outside Destination Zones 1 to 6 (in
2016) compared with 2015 shows a greater origin from
Emerging Zone (zone 3) rather Prime CbD (zone 1) and the
growth / expansion of existing companies (structural
growth). These numbers are justified by the move of CML
to Entreposto building.
The present study is based on the information provided by LPI index (Lisbon Prime Index), a Real Estate Index used to evaluate the Lisbon office market performance, regarding the volume of sq. m traded, the number of recorded transactions and the Destination Office Zones (in which the companies have leased new office spaces) in the years 2015 and 2016.
For the identification of each transaction’s origin, eleven categories of sources were considered:
• Office Zones 1 - 7
• Out of Lisbon – companies who moved from outside the Lisbon region to one of the Office Zones 1 - 7
• Activity Start-Up – Start-up companies whose first office is in the Destination Office Zone address for the transactions identified
• Structural Growth - increase of leased area through growth of the company structure, corresponding to new premises in the Destina-tion Office Zones 1-7
• No Information - cases where it was not possible to identify the transaction’s origin, due to insufficient information regarding the corporate name of the company and / or the correct address of the Destination Office Zone - residual weight of less than 1%
Office Zone 7, accordingly to LPI index, represents all offices located outside the main zones, which corresponds geographically to all the areas of Lisbon which are not within zones 1 - 6. In this sense, office transactions analysed in this report as having occurred in Office Zone 7, correspond only to those registered by LPI index, and, we believe, are not representative of all transactions performed on the market outside zones 1-6.
MIGRAÇÃO DE EMPRESASLISBON
2017
CAIS do SODRÉ
25 de ABRILBRIDGE
TEJO RIVER
VASCO da GAMABRIDGE
WESTERN CORRIDOR
IC 19 SINTRA
MONSANTO
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RESTELO
ALCÂNTARA
ESTRELA
CAMPOLIDE
AMOREIRAS
BENFICA
BAIXACHIADO
Entrecampos
Praça deEspanha
Saldanha
Largo do Rato
Marquês de Pombal
Av. Índia
Av. Marechal Gomes da Costa
Av. Berlim
Av. dos Estados Unidos da América
Av.5de
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Av. das Forças Armadas
Av. João XXI
Av. 24 Julho
Av. da Liberdade
Av. Infan
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Av. A
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Av. Duque de Loulé
R. J oaquim A. Aguiar
Av. Casal Ribeiro
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AGUIRRENEWMAN.PT
Zone 5
TMT’s & Utilities
58%
Transactions<300 sq.m.
43%
Transactions301-800 sq.m.
43%
2015 2016
1% 6%
15% –
3% 9%
– –
41% 61%
1% –
8% 4%
20%4%
24% –
4% –
– –
24 704 7 991
Zone 2
2015 2016
6% 13%
68% 53%
10% 8%
1% 5%
2% 6%
1% 7%
3% –
–4%
1% 1%
3% –
0% 6%
28 220 27 692
Company Services
49%
TMT’s & Utilities
18%
Transactions<300 sq.m.
43%
Transactions301-800 sq.m.
41%
Zone 4
2015 2016
88% 81%
– –
– –
10% 13%
– –
– –
– –
––
– 6%
– –
2% –
16 668 4 246 Transactions301-800 sq.m.
43%
Company Services
81%
Transactions<300 sq.m.
43%
Zone 6
2015 2016
3% 2%
– 13%
– 1%
10% 3%
– –
62% 64%
5% 1%
7%3%
9% 1%
16% 0%
0% 8%
28 020 27 258
43%
TMT’s & Utilities
61%
Transactions<300 sq.m.
Zone 1
2015 2016
39% 62%
4% 1%
33% 1%
5% 1%
– 21%
1% –
3% –
3%2%
6% 10%
3% 1%
4% 1%
22 007 24 834
38%
Company Services
Financial Services
32%
Transactions301-800 sq.m.
36%
42%
Transactions<300 sq.m.
Zone 7
2015 2016
20% –
1% 3%
1% 52%
– 2%
– 2%
20% 14%
46% 10%
1%3%
4% 11%
– 5%
4% 1%
13 994 11 099
State, europe & Associations
40%
TMT’s & Utilities
24%
Transactions<300 sq.m.
55%
Prime CBDCBD
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Zone 3
2015 2016
25% 29%
19% 2%
20% 42%
– –
– 3%
– 17%
11% 2%
–5%
12% 3%
2% –
6% –
10 898 19 855
Financial Services
36%
Company Services
29%
Transactions<300 sq.m.
33%
Transactions301-800 sq.m.
26%
Aguirre Newman Portugal
Praça Marquês de Pombal, 16 - 7º
1250-163 Lisboa
T. +351 213 139 000
Praça Mouzinho de Albuquerque, 113 - 5º
4100-359 Porto
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