Private Office in Lisbon: What It Costs vs a Traditional Lease (2026)
Updated October 2026. Market data: Cushman & Wakefield (Q2 2026) and MVGM via idealista/news (Q1 2026).
In Q2 2026, renting a traditional office in Lisbon’s prime business district cost up to €32/m² per month in rent alone, according to Cushman & Wakefield. On top of that come furniture, fit-out, electricity, internet, cleaning and reception. A private office in a flexible workspace bundles all of this into one price: at Giraldo Works it starts at €160/person per month + VAT, with running costs included, next to Avenida da Liberdade. Here we compare the numbers side by side.
Key takeaways
- Lisbon prime rent (Q2 2026): €32/m²/month (Zone 1, Prime CBD) and €28/m²/month (Zone 2, CBD), according to Cushman & Wakefield.
- Average city-centre rent (Q1 2026): €17.10/m²/month, according to MVGM.
- Giraldo Works private office: from €160/person + VAT, furnished, with electricity, water, internet, security, reception and cleaning included.
- When a lease makes sense: large, stable teams with long-term plans and a need for a fully customised space.
How much it costs to rent an office in Lisbon in 2026
| Zone (Cushman & Wakefield classification) | Prime rent (€/m²/month) |
|---|---|
| Zone 1, Prime CBD | €32.00 |
| Zone 2, CBD | €28.00 |
| Zone 3, New Office Areas | €22.00 |
| Zone 5, Parque das Nações | €22.00 |
| Zone 6, Western Corridor | €17.50 |
Source: Cushman & Wakefield, MarketBeat Lisbon Office, Q2 2026. “Prime rent” is the highest rent achieved for the best buildings in each zone.
Prime rent is the top benchmark in each zone. According to the MVGM report quoted by idealista/news (28 May 2026, in Portuguese), the average rent in central Lisbon was €17.10/m² in Q1 2026, and prime rent in the CBD was €31.20/m².
Supply is also tight in the best areas. In Q2 2026, the vacancy rate in Zone 1 was 3.3%, according to the same Cushman & Wakefield report.
What the rent doesn't include
With a traditional lease, the rent is only the starting point. Before comparing, also add:
- Set-up: deposit and/or rent paid in advance, fit-out works and furniture.
- Monthly costs: electricity, water, internet, cleaning, security, insurance and building service charges.
- People and time: someone has to manage suppliers, maintenance and reception.
- Commitment: leases are usually longer and less flexible if your team grows or shrinks.
What a Giraldo Works private office includes
The Giraldo Works private office in Lisbon is on Rua Castilho, next to Avenida da Liberdade, and starts at €160/person + VAT. It includes:
- a furnished, equipped office for teams of up to 20 people;
- electricity, water, fast internet, security, reception and cleaning;
- meeting rooms and phone booths;
- 24/7 access;
- a professional business address;
- a flexible contract.
Get a quote for your team in 2 minutes.
The numbers side by side
An illustrative example, using only the base rent for a 50 m² office and leaving out the costs the rent doesn’t cover:
| Scenario | Calculation | Monthly cost |
|---|---|---|
| Lease, Zone 1 prime rent | 50 m² × €32.00 | €1,600 rent only |
| Lease, Zone 2 prime rent | 50 m² × €28.00 | €1,400 rent only |
| Lease, average city-centre rent | 50 m² × €17.10 | €855 rent only |
| Giraldo Works private office, 5 people | 5 × from €160 | from €800 + VAT, running costs included |
| Giraldo Works private office, 10 people | 10 × from €160 | from €1,600 + VAT, running costs included |
Illustrative example based on rents published by Cushman & Wakefield (Q2 2026) and MVGM (Q1 2026). The space needed per person varies by company. The final price of a private office depends on the room and the team. Ask for a quote.
The difference is in what’s left to add. With a lease, set-up costs (fit-out, furniture, deposit) and all monthly running costs come on top of the rent. With a private office, the price per person already includes the main running costs, and you can start working without investing in fit-out or furniture.
Private office or traditional lease: when to choose each
| Private office (flexible) | Traditional lease | |
|---|---|---|
| Upfront investment | No fit-out or furniture | Fit-out, furniture, deposit |
| Monthly running costs | Included in the price per person | Paid separately |
| Flexibility | Flexible contract | Usually longer contracts |
| Start working | Office already furnished and equipped | After works and set-up |
| Customisation | Standard furniture and fit-out | Full |
| Best for | Teams of up to 20, growing companies | Large, stable teams with a long horizon |
For larger teams, Giraldo Works also offers fully fitted offices and full-floor solutions with customised fit-out and furniture. If you work alone or in a very small team, coworking in Lisbon starts at €160/month + VAT.
Why have your office next to Avenida da Liberdade
- Location: Rua Castilho, next to Avenida da Liberdade and a few minutes from Marquês de Pombal.
- Meeting rooms from €8/hour for up to 8 people.
- More than 250 companies already trust Giraldo Works.
Frequently asked questions
How much does it cost to rent an office in Lisbon per m²?
According to Cushman & Wakefield, in Q2 2026 prime rent was €32/m²/month in the Prime CBD (Zone 1) and €28/m²/month in the CBD (Zone 2). According to MVGM, quoted by idealista/news, the average rent in central Lisbon was €17.10/m² in Q1 2026.
How much does a private office at Giraldo Works cost?
From €160/person per month + VAT, for a furnished, equipped office on Rua Castilho, next to Avenida da Liberdade. The final price depends on the room and team size. Ask for a quote.
What is included in the private office price?
Furniture, electricity, water, fast internet, security, reception and cleaning, plus meeting rooms, phone booths, 24/7 access and a professional business address.
How many people does a private office fit?
Private offices are for teams of up to 20 people. For larger teams, Giraldo Works offers fully fitted offices and full-floor solutions with customised fit-out and furniture.
What is the difference between a private office and coworking?
With a private office your team has a closed room to itself, from €160/person + VAT. With coworking you work in a shared space, from €160/month + VAT. Both are in the same building next to Avenida da Liberdade.
When does a traditional lease make sense?
Generally, when your team is large and stable, you have a horizon of several years and you need a fully customised space. For teams of up to 20 people, or growing teams, a private office avoids the upfront investment and the work of managing the space.
