Tiago Araújo

Coworking capacities keep expanding in Portugal, with Porto confirming a status of coworking hotspot. A range of new openings are announced in the coming months by both national and international brands. Portuguese operator SITIO.pt will inaugurate two new locations, one in Gaia (Porto), the other Avilade (Lisbon). LACS will invest 2.5 Mio € in a new locations and renovation in both Porto and Lisbon. The Dutch operator The Social Hub and the Spanish operator MONDAY COWORKING SPACE also recently announced a footprint expansion in Portugal, especially in the Porto area. Among the drivers of the coworking demand growth, "the national technology sector is attracting more international workers to settle in the country . In one year, the number of immigrant tech sector professionals increased from 10.6% to 15.7%, according to “Global Tech Talent Trends 2024”. And, with 21%, Porto is the region of the country with the greatest representation of these professionals . A sign that the region has become a more attractive hub for professionals", writes an article in the Eco. Sitio plans to invest up to 5 Mio € in its expansion. "We have seen increasing demand in the North area, with our spaces in Porto being close to 100% occupancy. To respond to this demand, we opened the Guimarães space in November and we will open Gaia in July”, says Miguel Ricardo, Sitio's MD. "The Gaia space is a new building with an all-glass facade and in an excellent location, right in front of El Corte Inglés and the metro. The 2.200 m2 building will have capacity for 370 people, divided between an open space area and private offices with capacities ranging from four people to entire floors for 50 people, describes the person in charge (...) The other Sitio new space in Alvalade is undergoing a total renovation. This 2.200 m2 building will have capacity for 270 jobs and a large event space."  LACS practically doubled its total operated surfaces, from 16.000 m2 to 30.000 m2.“After the success of the investment in Lisbon and Cascais, the investment in Porto also proved to be the right one, as the level of demand has exceeded expectations”, says Martim de Botton, CEO of LACS.  “Lisbon continues to be highly attractive despite the rise in the cost of living having. The flex office market represents approximately 5% of the total office stock in the city and both Heden and its main competitors have very high occupancy rates”, points out Manuel Bastos, co-founder & managing partner of Heden Coworking, another Portuguese operator. Porto hosted the last Coworking Europe conference in 2023. The next one will take place in Sofia, BG. cc Avila Spaces Carlos Gonçalves Inês Almeida Nuno Jorge Trigo VERTICAL COWORKING Rafael Agos VERTICAL COWORKING José Pedro Pinto Diogo Vieira Borges Mariana Costa Nuno Moreno Patrícia Bento Unicorn Workspaces Raquel Correia Gonçalo Martins Joana Canto e Castro Francisca Morim Ricardo Valente Sofia Ribeiro Telles Vika Zhurbas Second Home

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