Similar to all other regional office markets, activity in the Limerick office market was limited in the opening quarter of 2021, as Ireland re-entered level 5 lockdown. Just 1,350 sq m was taken up in the quarter across two units. This follows take up reaching 13,300 sq m in 2020, marginally below the long-run market average.
The nine months to the end of September 2020 saw take up activity in the Limerick industrial market total an impressive 58,800 sq m. Take up in the year to date sits well above the long run-average of 40,550 sq m. The impact of COVID-19 has been felt across all commercial real estate markets; however the industrial market has proven to be the most resilient.
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