A few trends that are evident in the current Commercial Real Estate market are being watched closely by market observers. These include inflation, interest rate movements and reduced occupancy levels in the office market especially in the neglected older stock. Some recent market reports referring to increasing office vacancy rates surging from single digit rates in 2022 to over 14% in 2023 and forecast to reach c 18% in early 2024. This has led to a shift from a landlord’s market, to a tenants market or from a sellers to a buyer’s market depending on the sector. With this shift in market sent ..read more

A few trends that are evident in the current Commercial Real Estate market are being watched closely by market observers. These include inflation, interest rate movements and reduced occupancy levels in the office market especially in the neglected older stock. Some recent market reports referring to increasing office vacancy rates surging from single digit rates in 2022 to over 14% in 2023 and forecast to reach c 18% in early 2024. This has led to a shift from a landlord’s market, to a tenants market or from a sellers to a buyer’s market depending on the sector. With this shift in market se ..read more

Many moving parts in the Irish Commercial Property market as we enter Quarter 2 and look forward to an interesting and somewhat testing 2023 given some recent market reports. We will leave the more detailed analysis of the various sub sectors to the Market Research departments and use this summary to mention some emerging trends on the ground. Interest rate increases, Inflation and Geo-political concerns continue to impact market with sector specific pricing adjustments. While some sectors are more advanced in terms of adjusting, others are expected to evolve more slowly. Tighter credit from ..read more

A survey of major real estate investors found that 55% are incentivising staff to pursue better environmental, social and governance (ESG) practices, a 12% increase on last year. The annual Insights Into Real Estate Investment Sustainability Survey (IRIS), conducted by climate risk company Evora Global, also found that the biggest property investors were the most advanced at incentivising ESG. Sonny Masero, chief strategy officer at Evora Global, said that ESG analysis and data is on the rise across the investment world and that he expects the trend to continue.  “ESG has becom ..read more

A glance of the  2022 Review of the Year market reports during December, paints a  mixed picture as we say goodbye to another year and look forward to 2023. Our own online traffic and user trends are not too dissimilar, with record online activity levels over the first 6 months of the year giving way to reduced activity levels commencing last July and continuing its gradual downward trend into December.  Taking into account the various challenges and wider economic backdrop with further interests rates increases expected to continue into 2023, the first half of 2023 is expe ..read more

PropertyLocator.ie 5 Things To Know About The Irish Commercial Property Market Many moving parts in the Irish Commercial Property market as we enter Quarter 2 and look forward to an interesting and somewhat testing 2023 given some recent market reports. We will leave the more detailed analysis of the various sub sectors to the Market Research departments and use this summary to mention some emerging trends on the ground. Interest rate increases, Inflation and Geo-political concerns continue to impact market with sector specific pricing adjustments. While some sectors are more advanced in term ..read more

PropertyLocator.ie ESG playing a key role in Investment decision making process. A survey of major real estate investors found that 55% are incentivising staff to pursue better environmental, social and governance (ESG) practices, a 12% increase on last year. The annual Insights Into Real Estate Investment Sustainability Survey (IRIS), conducted by climate risk company Evora Global, also found that the biggest property investors were the most advanced at incentivising ESG. Sonny Masero, chief strategy officer at Evora Global, said that ESG analysis and data is on the rise across the i ..read more

PropertyLocator.ie 2023 A Year of Market Adjustment, Risks and Opportunities A glance of the  2022 Review of the Year market reports during December, paints a  mixed picture as we say goodbye to another year and look forward to 2023. Our own online traffic and user trends are not too dissimilar, with record online activity levels over the first 6 months of the year giving way to reduced activity levels commencing last July and continuing its gradual downward trend into December.  Taking into account the various challenges and wider economic backdrop with further interests r ..read more

PropertyLocator.ie Improve your negotiating position and chances of finding your next commercial property In an ever changing property market we take a look at three ways how companies and individuals can enhance their negotiating position and chances of sourcing/leasing a new Office, Retail or Industrial/Logistic property in the current market. A proactive coordinated approach with with your professional team notified in advance of your requirement including Legal, Chartered Surveyor and company Accountant. Your professional team will assist in establishing an accurate property requirement l ..read more

PropertyLocator.ie Inflation, Interest Rates and the Property Market As we enter the final quarter of 2022, the property market moves into the next rising interest rate cycle as worldwide economies attempt to control rising inflation. On a simple level Interest rates impact the amount of money circulating in the economy, which in turn has a direct impact on inflation. In an ideal world a couple of interest hikes over the next few months should start to get inflation under control and allow interest rates return to a more normal levels, when compared to the exceptionally low rates experienced o ..read more