Commercial property specialists CBRE today released their latest bi-monthly report focusing on the latest trends and transactions in all sectors of the Irish commercial property market.

The property experts believe the Irish commercial property market is now gearing up for what promises to be an extremely strong Autumn season. 

While very few new properties were formally launched for sale during the last two months, there was considerable activity underway behind the scenes during July and August, concluding various transactions as well as preparing assets that will be formally launched or sale over the coming months. Activity in all of the occupier markets (office, industrial, retail, hotels) remains strong. 

Meanwhile, from an investment perspective, following a very strong first half, there are several transactions due to complete over the coming months and more than €1 billion of new stock due to be released for sale. CBRE say there has been a remarkable increase in appetite for residential investment opportunities over recent months, which is evident from recent investment sales and development land sales alike.

The report shows that the bulk of activity in the Dublin office market continues to emanate from the expansion of existing occupiers, many of whom are technology companies. There is also strong demand from flexible office providers who between them accounted for more than 15% of overall take-up in the Dublin market in the first half of 2018.

Investment spend in the Irish market surprised on the upside in the first half of 2018 with more than €1.86 billion invested in the six-month period, buoyed to a large degree by 8 transactions in excess of €100 million, some of which were residential forward-funding transactions. PRS/Build to Rent is becoming increasingly mainstream, having accounted for 25% of investment spend in the Irish market in the first half of 2018.

Source: www.businessworld.ie