{
  "url": "https://classa.info/cities/lisbon/fund-strategy-and-flag",
  "title": "Lisbon office fund strategy and flag",
  "description": "Which Lisbon submarkets carry the strongest investor flag for institutional fund strategies.",
  "oneSentenceAnswer": "For institutional fund strategies, Avenida da Liberdade carries the strongest investor flag in Lisbon, with prime yields around 5.4%.",
  "tldr": [
    "Trophy submarket (Avenida da Liberdade) carries the strongest investor flag.",
    "Prime yield: 5.4%.",
    "Core funds buy income; value-add buys repositioning of secondary stock.",
    "Cap-rate spread between trophy and secondary has widened post-2022."
  ],
  "keyFacts": {
    "city": "Lisbon",
    "country": "Portugal",
    "region": "EMEA",
    "classARentLocal": "€28/sqm/mo · ≈ $33.7 PSF/yr USD",
    "classARentUsd": "$34/sqft/yr",
    "vacancy": "7.8%",
    "typicalLeaseYears": 5,
    "typicalRentFreeMonths": 4,
    "submarkets": 5,
    "primeYieldPct": "5.4%",
    "primeYield": "5.4%",
    "trophyAnchor": "Avenida da Liberdade"
  },
  "faqs": [
    {
      "question": "Where do core funds buy in Lisbon?",
      "answer": "Trophy submarket — Avenida da Liberdade — and the most defensible long-WAULT assets within it."
    }
  ],
  "pageType": "city-topic",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/lisbon/fund-strategy-and-flag), updated 2026-04-15T00:00:00.000Z."
}