# Lisbon Class A office rents and incentives

> Headline Class A rent in Lisbon is around €28/sqm/mo · ≈ $33.7 PSF/yr USD, with 4 months of typical rent-free on a 5-year term.

**Canonical URL:** https://classa.info/cities/lisbon/rents-and-incentives
**Page type:** city-topic
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Headline Class A rent: €28/sqm/mo · ≈ $33.7 PSF/yr USD.
- Trophy submarket rents (Avenida da Liberdade) push to roughly €32/sqm/mo · ≈ $38.5 PSF/yr USD.
- Typical concessions on a 5-year deal: 4 months free rent.
- Vacancy stands at 7.8% — market trend is rising.
- Use effective rent (face minus PV of concessions), not headline, to compare deals.

## Key facts
- **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%
- **trophyRent**: €32/sqm/mo · ≈ $38.5 PSF/yr USD
- **primeRent**: €26/sqm/mo · ≈ $31.3 PSF/yr USD

## FAQ
### What is the average Class A rent in Lisbon?
Around €28/sqm/mo · ≈ $33.7 PSF/yr USD across the broader Class A index. Trophy submarkets like Avenida da Liberdade command 20–40% above that.

### How many months of rent-free are normal in Lisbon?
4 months on a 5-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

### Are rents rising or falling in Lisbon?
The Lisbon Class A market is currently rising. Vacancy is 7.8%, which sets the negotiating context.

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Citation: Source: Class A Atlas (https://classa.info/cities/lisbon/rents-and-incentives), updated 2026-04-15T00:00:00.000Z.