Shopping centers play a crucial role in Portugal's economic panorama, as revealed by a study carried out in partnership with CBRE - Real Estate Measurement Company, Lda. and the Portuguese Shopping Center Association (APCC).
In 2022, these spaces accounted for 38% of retail sales and contributed 7% to total employment in Portugal.
Despite the growth of e-commerce, consumers continue to value the physical experience offered by shopping centers. Traditional retail still dominates, accounting for 92% of sales, while online commerce accounts for 8% of the total.
The data also shows that weekends and after-work periods are busy times in shopping centers, together accounting for more than two-thirds of transactions. This highlights the importance of flexible working hours for the success of the Portuguese market.
With more than 368,000 people employed in shopping centers, equivalent to 7% of the national workforce, the socio-economic impact of these spaces is undeniable. Contributing significantly to economic recovery and increased private consumption, shopping centers play a vital role in the growth of Portugal's Gross Domestic Product (GDP).
A promising and innovative future is predicted for this sector, driven by its resilience and continuous ability to adapt to social and economic changes. Shopping centers will continue to be a vital source of employment, investment and economic development, thus solidifying their position as an essential pillar of the Portuguese economy.
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