Limerick MarketBeat Reports

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.

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. 

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.