CBRE Ireland Market Outlook 2023
January 19, 2023
CBRE’s Market Outlook 2023 report provides a succinct summary of trends experienced in 2022 and key insights and predictions for each sector of the Irish commercial property market over the course of the next 12 months.
The year that passed was one of change in the real estate environment globally. Geopolitical events, inflationary pressures and interest rate movements impacted investment, and to a lesser extent leasing volumes, while also challenging the activities of developers and real estate operators. However, the Irish economy and real estate market has proved remarkably resilient, with some key sectors performing exceptionally well.
The opening half of 2023 will continue to be influenced by these factors and this will present some challenges and some opportunities. However, we may see real estate investment activity levels rebound stronger and faster than many anticipate, while the occupational markets and operational real estate will continue to prove resilient.
Here’s to a successful 2023 and if you would like to discuss any aspect of the Market Outlook 2023 report further, please feel free to contact any of the team who presented today on the details below.