Irish Commercial Property Prime Rents & Yields Monitor, Outlook 2019
Insights • Land
Following the sharp slowdown in activity in 2020, the Irish development land market witnessed an increase in activity in the first six months of 2021. Capital inflow totalled €257m across 67 deals in H1 2021, a sizable increase from the €160m recorded in H1 2020 across 51 deals.
Insights • Office
The Dublin office market experienced an interesting second quarter to 2021. On the demand side, take up was, as expected, low with just 19,150 sq m occupied. This brings total take up to 39,885 sq m at the mid-point of the year, compared to the long-run H1 average of 81,880 sq m.
Insights • Investment
Despite COVID-19 challenges and travel restrictions, total capital inflow reached approximately €1.45bn across 43 deals in the second quarter of 2021, of which €641.5m were income generating at the point of sale and €805m were forward commit style arrangements. The majority of these forward transactions were PRS assets, with one hotel forward fund and of significance an industrial forward fund.