Irish commercial property market to ‘pause for breath’ following busy first half to the year - Click to read full report and watch the video commentary below.
Listen to Marie Hunt, Head of Research, discussing our latest
CBRE Ireland Bi-Monthly Research Report.
- Particularly strong volumes of activity recorded in the Dublin office market in H1 2018 with flexible office providers becoming more prevalent
- Dublin now ranked 27th in a survey of global office occupancy costs
- Tangible evidence of office occupiers looking to more cost-effective locations such as the suburbs
- Increased appetite for industrial property from logistics providers, couriers and parcel delivery companies in recent months
- Despite negative newsflow in the UK retail market, activity in the Irish retail market is strong at present
- Retailers encouraged by the prospect of new retail stock following years of undersupply
- Investor appetite for Irish real estate remains strong with some further Asian investment expected in H2 2018
- Increased focus on the PRS/Build to Rent sector over recent months
- Notable increase in the volume of development stock coming to the market in recent months
- Increasing proportion of transactions in the hotels, development & investment sectors being conducted off-market
- 8 hotel properties totalling more than €214 million sold in Ireland in H1 2018
- Prime rents in the Cork office and industrial sectors have both risen in recent months