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Co-authors, chartered quantity surveyor Anthony Cloonan and chartered valuation surveyor Sarah Garry, SCSI President Kevin Hollingsworth and Mary Whitelaw, AIB's Chief Strategy and Sustainability Officer

Office retrofitting could boost rental income by 66%

Retrofitting old offices could boost rental income by up to 66%, a new survey by the Society of Chartered Surveyors Ireland and AIB suggests .

Business • 07 Apr

The Society of Chartered Surveyors Ireland 's new report reflects a renewed optimism among chartered commercial surveyors in the sector

Positive outlook for commercial property assets - SCSI

A new survey from the Society of Chartered Surveyors Ireland has forecast a 1.4% rise in average prime office rents this year, with capital values rising by 1%.

Business • 20 Feb

DIY & garden centre and furniture and home furnishing categories make up more than 40% of total retail park space

€500m spent on retail park investment since 2021

€500m has been spent on buying and selling retail park investments in Ireland over the past three years.

Business • 19 Nov 24

Just under €50m worth of land sales were completed in the first quarter of this year, new figures from CBRE show

Commercial land sales set to pick up in H2 - CBRE

New figures from commercial property specialists CBRE Ireland show that the first quarter of the year saw just under €50m worth of land sales in Ireland.

Business • 29 May 24

Commercial real estate firms companies have been hit by a triple whammy of higher borrowing costs, falling demand for office space post-Covid and more expensive building materials

Commercial property weak link in euro zone finance - ECB

Commercial property has become the weak link of the euro zone's financial system, with losses there threatening to hurt banks, insurers and funds, a European Central Bank report showed today.

Business • 16 May 24

BNPPRE estimates that the vacancy rate reached 13.1%

Over supply of Dublin offices could continue until 2027

The over supply of office space in Dublin could continue until the end of 2026 or start of 2027, new research suggests.

Business • 09 Feb 24

Firms may find WeWork's business model more attractive now than ever before

WeWork's woes come as the Irish office market stumbles

WeWork has hit the lowest ebb in its 13 year history - just at the time when the Irish office market needs its business model most, writes Adam Maguire.

Business • 13 Nov 23

Dublin office vacancy rate at 14.3% - Knight Frank

Leading commercial real estate agent, Knight Frank, has estimated that the office vacancy rate in Dublin stands at 14.3%.

Business • 23 Oct 23

BNPPRE now expects that the office vacancy rate will peak at 16% next year

Dublin office take up rate down 63% in third quarter

The take up in Dublin office space dropped by 63% in the third quarter of this year compared to the same three months last year, new data shows.

Business • 23 Oct 23

Since the beginning of the year, investment turnover in Irish commercial property totalled €1.4 billion.

Investment in commercial property down so far this year

Investment in Irish commercial property totalled €430 million between July and September, new figures show.

Business • 09 Oct 23

The market is likely to end the year well down on the long-term average

Commercial property investment muted in third quarter

Investment in Irish commercial property reached €444m between July and September, according to new data from CBRE Ireland.

Business • 03 Oct 23

Increase of fifth in Cork office take-up in first half

The Cork office market recorded a 19.4% increase in take-up during the first half of this year.

Business • 22 Aug 23

Figures published today show the spend was spread across 26 transactions.

€623m invested into Irish commercial property in Q1

€623 million was invested into Irish commercial property in the first quarter of this year, according to commercial property specialists CBRE Ireland.

Business • 06 Apr 23

A growing number of offices buildings around the country are partially or completely empty

Why are commercial property values falling?

A variety of factors have come together to darken the outlook for commercial property here, resulting in a drop in valuations, writes Will Goodbody.

Business • 11 Mar 23

Dublin city centre remains the location of choice for occupiers

Dublin office space take-up doubled in third quarter

Take-up of office space in Dublin between July and September was 78% higher than the average during the same period over the last decade.

Business • 10 Oct 22

The fourth floor of Twitter's Dublin office will be sub-leased to another tenant

Twitter to 're-size' its Dublin office

Twitter is to re-size its Dublin office, which houses the company's European Headquarters.

Business • 27 Jul 22

Shane Corby, Vice-President; Tim Jones, Director; Giacomo Mastantuono, Associate with Palm Logistics

€100m to be invested in Naas Enterprise Park

€100m is to be invested in Naas Enterprise Park by the property's new owners, Palm Logistics.

Business • 08 Apr 22

The company claims to have a strong pipeline of future opportunities

Kennedy Wilson to invest a further $1.5bn in logistics

Real estate investment giant, Kennedy Wilson, is to plough an additional $1.5 billion into expanding its footprint of logistics properties in Ireland, the UK and Spain.

Business • 22 Mar 22

The EXO will be Ireland's tallest office building

An Post to lease five floors for HQ in new EXO building

An Post has signed a lease that will see it take five floors of The EXO building in Dublin's north docklands.

Business • 17 Mar 22

US investors were the most active, buying up €1.34billion in office space, warehouses and rental apartments.

€5.5bn in commercial property assets transacted in 2021

2021 was the second strongest year on record for investment in Irish commercial property, according to a report from BNP Paribas Real Estate.

Business • 09 Feb 22

CBRE says that despite despite regulatory and policy changes the multifamily sector showed remarkable resilience last year

Investors 'frustrated' by Govt intervention in property

It is critical that further Government intervention in the multifamily accommodation sector is now curtailed to avoid large amounts of investor capital opting to move into other sectors

Business • 18 Jan 22

Tech and professional services occupiers continue to drive leasing activity in the office market, the report stated

Property investment values exceeded €5.5bn in 2021

Over €5.5 billion was invested in property in Ireland last year, according to an analysis of the market by estate agents Savills.

Business • 10 Jan 22

Two of WeWork's Dublin locations - including its Dublin Landings offices - will allow customers to book space on an hourly or daily basis

WeWork extends 'pay-as-you-go' option to Dublin

WeWork has added a 'pay-as-you-go' option to some of its Dublin offices as part of an expansion of its services.

Business • 25 Aug 21

28,572 commercial properties were vacant last December, new figures show

Commercial property vacancy rate rises to 13.5%

13.5% of commercial properties listed across the country were vacant in the final quarter of last year, according to figures published by GeoDirectory and EY-DKM.

Business • 25 Feb 21

Hibernia REIT's Harcourt Square development

Only 3% of Hibernia REIT's rents remain due

New figures from commercial property company Hibernia REIT shows that only 3% of rent remains due for the quarter ending in December - a level comparable with the two previous quarters.

Business • 09 Oct 20

Commercial Property