Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Ireland MarketBeat

Aidan Gavin • 15/02/2023

Office

The third quarter saw robust activity in the Dublin office market. However, of particular interest, there has been a reduction in the level of immediately available office space, with office availability levels falling to 2002 levels. The tech sector remains the dominant sector in acquiring office space to date, followed by financial services and professional services. Vacancy level continues to decline with an overall Dublin vacancy rate of 8.8%. 

Retail

Much of the activity in the first half of the year has been Dublin centric, combined with this most openings have been Food & Beverage (F&B) focused across the major shopping centres and on prime high streets. There is no doubt the impact of ongoing Brexit negotiations is certainly being felt in the Dublin and Irish market. However, there remains a healthy demand for retail requirements, including fashion, F&B and leisure. This is particularly noticeable looking at the Dublin market.

Industrial

The market continues to perform strongly, with demand steady across all features of the market. However, a lack of good quality available stock continues to be an issue. Occupiers seeking modern buildings will be subject to prime rents, but also may have to sign up to greater length terms than they would prefer. A lack of supply is putting pressure on contract driven occupiers who are unwilling to commit to long term leases. 

Hospitality

Robust transaction activity was recorded for the Irish hospitality sector in the opening three months of the year, with a total of €73.1m achieved across 6 hospitality assets. This level of activity represents a significant improvement on the activity recorded in both Q1 2021 and Q1 2020. 

Get the full Ireland property market picture with all the market data by downloading the reports.

Current Marketbeats

Google HQ, Dublin, Ireland
Ireland office marketbeat

Office Marketbeat is a summary of the Ireland office property sector in key cities, providing comment on recent trends as well as market data and analysis.

Download

Stephen's Green Shopping Centre
Ireland Retail Marketbeat

Retail Marketbeat is a summary of the Ireland retail property sector providing comment on recent trends as well as market data and analysis.

Download

St Stephens Green Shopping Centre, Dublin, Ireland
Ireland Industrial Marketbeat

Industrial Marketbeat is a summary of the Ireland industrial and logistics property sector in key locations, providing comment on recent trends as well as market data and analysis.

Download

St Stephens Green Shopping Centre, Dublin, Ireland
Ireland Hospitality Marketbeat

Hospitality Marketbeat is a summary of the Ireland hospitality property sector in key locations, providing comment on recent trends as well as market data and analysis.

Download

LOOKING FOR DATA?

Looking for more historic or specific property market data? Get in touch.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.

MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS