Irish Commercial Property Prime Rents & Yields Monitor, Outlook 2019
Insights • Industrial
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.
Insights • Land
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.
Insights • Office
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.