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Irish Development Land Market Q4 2020

Brendan Smyth • 18/02/2021

The Irish development land market witnessed a sharp slowdown in activity in 2020 due to COVID-19 related market disruption. During the height of market uncertainty, quarter two recorded just €44m worth of development land sites sold. The lowest level of quarterly turnover recorded since Cushman & Wakefield’s detailed series began in 2015.

The fourth quarter recorded a marginal uptick in quarterly activity, generating turnover of approximately €109m across 30 development sites. This concludes total transaction activity in 2020 to approximately €345m across the GDA, Cork, Limerick and Galway. Representing a sizable reduction from the €1.18bn recorded in 2019.

 

 

 

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Dublin Industrial & Logistics Market Q4 2020

The Dublin industrial market experienced a year of strong demand in 2020. Covid-19 adversity created unique opportunities which lead to increased activity in a market with limited availability. A total of 251,650 sq m was taken up via leasehold and freehold transactions.

Brendan Smyth • 18/02/2021
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Dublin Office Market Q4 2020

2020 resulted in a sudden, unexpected and artificial slowdown placed on the Dublin office market, with the impact of COVID-19 felt across all bar the first quarter. Take up reached 167,700 sq m in the year as a whole, a decline of 30% on 2019 levels.

 

Ronan Corbett • 05/02/2021

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