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Ireland MarketBeat

Aidan Gavin • 24/10/2019
Cushman & Wakefield MarketBeat reports analyse quarterly Ireland commercial property activity across office, retail and industrial real estate sectors including supply, demand and pricing trends at the market and submarket levels.

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. 

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

Current galway Marketbeats

Google HQ, Dublin, Ireland
Galway office marketbeat

Galway Office Marketbeat is a summary of the Galway office property sector providing comment on recent trends as well as market data and analysis.

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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.

Ireland Industrial Market Q4 2019

blue containers looking upwards, sun between
Galway Industrial Marketbeat

Galway Industrial Marketbeat is a summary of the Galway industrial property sector providing comment on recent trends as well as market data and analysis.

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