How to reduce your company’s office costs in Lisbon (2026)
Updated October 2026. Market data: Cushman & Wakefield (Q2 2026).
The office is one of a company’s biggest fixed costs: rent, a deposit, fit-out, furniture and bills every month. If your company is in Lisbon and you want to reduce office costs without losing a professional address or a place to meet clients, there are alternatives to a traditional lease. In this guide we compare 4 ways to do it: a virtual office, coworking, a private office and a mixed solution, with Giraldo Works prices, on Rua Castilho, next to Avenida da Liberdade.
In short
- Virtual office: a registered office address and mail handling, from €20/month + VAT on the annual plan. Suited to remote teams.
- Coworking: a desk in a shared space, from €160/month + VAT, with running costs included.
- Private office: a closed room for your team, from €160/person + VAT, furnished and with running costs included.
- Mixed solution: combine the options to match the way your team works.
How much does a traditional office cost in Lisbon?
According to Cushman & Wakefield, in Q2 2026 prime rent in Lisbon’s central business district (Zone 1, Prime CBD) reached €32/m² per month, for rent alone. On top of that come:
- setup: a deposit or advance rent, fit-out works and furniture;
- monthly costs: electricity, water, internet, cleaning, security, insurance and building charges;
- management: your team’s time spent dealing with suppliers, maintenance and reception;
- commitment: long contracts that are hard to adjust if the team grows or shrinks.
We did the maths side by side in our article private office in Lisbon: what it costs vs a traditional lease.
1. Virtual office: for teams that work remotely
If your team works remotely, you may not need a physical office. What you do need is an address for your company’s registered office, someone to take care of your mail and a room when you have to meet a client. That is what a virtual office solves, for a fraction of the cost of a lease.
| Plan | Annual plan | Monthly plan | Includes |
|---|---|---|---|
| Basic | €20/month | €25/month | Registered office address and mail handling |
| Premium | €30/month | €35/month | Basic + mail digitalization + meeting rooms at €8/hour + VAT |
| Premium Plus | €70/month | €85/month | Mail handling and digitalization, 2 hours of meeting room per month and general telephone service |
Prices + VAT. The annual plan is paid upfront, with a 12-month minimum term. No sign-up fee.
To sign up, all you need is the ID of the company’s representative. The virtual office is also available to non-residents, foreign companies and branches. If you are moving your registered office to Lisbon, see our guide on how to move your company’s registered office to Lisbon.
A registered office address next to Avenida da Liberdade, from €20/month + VAT.
2. Coworking: a desk with no setup costs
If you work alone or in a small team and need somewhere to work every day, coworking is the most affordable option with a physical space. You pay no deposit or furniture, and running costs are included. At Giraldo Works, coworking in Lisbon costs from €160/month + VAT and includes:
- an individual desk;
- access to all common areas;
- fast internet and running costs included;
- a company address and mail handling;
- monthly meeting-room credits.
To compare with other spaces, see the best coworking spaces in Lisbon.
3. Private office: your team's own space, without a lease
If your team needs privacy every day, a private office in a managed building gives you a room of your own, with no fit-out works or long contracts. At Giraldo Works, a private office in Lisbon costs from €160/person + VAT and includes:
- a furnished and equipped office, for teams of up to 20 people;
- electricity, water, fast internet, security, reception and cleaning;
- a shared meeting room;
- a professional company address;
- a flexible contract.
For larger teams, there are full offices and whole-floor offices.
4. Mixed solution: pay only for what you use
Many companies do not need a desk for every person every day. Some combinations that help cut costs:
- Remote team + virtual office: your registered office address and mail handling are covered, and in-person meetings take place in the building’s meeting rooms.
- Hybrid team + coworking: a few desks for those who come in, instead of a room for the whole team.
- Core team + private office: a room sized for the people who are always there and, when you grow, a larger room in the same building.
Quick comparison
| Solution | From | Best for |
|---|---|---|
| Virtual office | €20/month + VAT (annual plan) | Remote teams that need a registered office address |
| Coworking | €160/month + VAT | Freelancers and small teams |
| Private office | €160/person + VAT | Teams that need privacy every day |
| Traditional lease | Up to €32/m²/month for rent alone (prime, Zone 1) | Large, stable teams with long contracts |
Location matters too
A central address makes life easier for your team and your clients, but prime areas are the most expensive to lease. With a virtual office, coworking or a private office, you get an address next to Avenida da Liberdade without paying the rent of a whole building. We compare the areas in our guide to the best areas for office space in Lisbon. More than 250 companies trust Giraldo Works.
Frequently asked questions
How can a company reduce its office costs?
By replacing a traditional lease with a solution that includes running costs and has no setup costs: a virtual office for remote teams, coworking for small teams or a private office for teams that need a room of their own.
How much does a virtual office cost in Lisbon?
At Giraldo Works, from €20/month + VAT on the annual plan (paid upfront, with a 12-month minimum term) or €25/month + VAT on the monthly plan, with no sign-up fee.
Can my company's registered office be a virtual office?
Yes. A virtual office gives you an address for your registered office, with mail handling. To sign up, all you need is the ID of the company’s representative.
Can a foreign company get a virtual office in Lisbon?
Yes. At Giraldo Works, the virtual office is available to non-residents, foreign companies and branches.
Coworking or private office: which is cheaper?
At Giraldo Works, coworking costs from €160/month + VAT per desk and a private office from €160/person + VAT. The choice depends on whether your team needs a closed room every day.
Cut your company's office costs in Lisbon
Virtual office from €20/month + VAT, coworking from €160/month + VAT and private offices from €160/person + VAT, on Rua Castilho, next to Avenida da Liberdade.
