Key Points

  • Although structural trends continue to pose major challenges for the retail sector globally, Ireland’s retail market continues to buck the trend
  • Retail sales volumes in Ireland are trending approximately 4.0% higher on an annualised basis
  • Consumer confidence in the Irish market remains high, despite Brexit uncertainties
  • Particularly strong occupier demand from the Food & Beverage, Fashion & Footwear and Homeware sectors
  • Prime retail rents remain stable
  • Occupancy rates have improved in many high street locations in Ireland in the last six-month period
  • More than €343 million has been invested in retail YTD - up 7% year-on-year
  • Prime high street yields remain stable at 3.15% at the end of Q3 2018