Listen to Marie Hunt, Head of Research, discussing our latest CBRE Ireland Bi-Monthly Research Report, looking at the latest trends and transactions across all sectors of the Irish commercial real estate market.

Key Points
  • The office sector one of the best performing market sectors in 2018 with take-up YTD reaching more than 220,000m²
  • More than one third of the office stock let in Dublin in the year to the end of September comprise pre-lettings
  • At more than 210,000m², industrial take-up YTD was 24% higher than last year demonstrating the impact that new supply is starting to have in this sector
  • Prime industrial rents expected to reach approximately €110 psm by year-end
  • The Irish retail market continues to buck the European trend with Ireland’s strong economic backdrop supportive of the retail sector of the economy
  • Irish total returns increased by 6.9% YTD, according to MSCI
  • Increasingly likely that Irish investment spend could exceed €3.5 billion in 2018
  • Demand for core assets remains very healthy and these assets continue to be well bid but thinner pool of investors for secondary
  • Potential for some further yield hardening for prime offices, multifamily/Build-to-Rent, industrial and hotels
  • Strong appetite for sites capable of supporting the development of Build-to-Rent and co-living concepts
  • Hotel transactional activity significantly boosted by recent hotel sales
  • Continued momentum in activity in the commercial property market in Cork