02 May 2018
Q1 2018 has seen record breaking volumes of office take up with c. 270,310 sq. ft. transacting across 23 deals. Similarly to quarters 3 & 4 2017, take up by tech/digital and media occupiers continues to account for the lion’s share of activity, equalling 70% in Q1 2018. The emergence of these sectors as the dominant force in the market has been a real positive for Belfast.
16 January 2018
Against a challenging economic backdrop the Northern Ireland commercial property market has remained robust, with investment volumes surpassing the 2016 figure of £213m to reach £305m as 2017 comes to a close. A notable positive in the context of both national and local political challenges serving to highlight the strong fundamentals that exist locally.
24 October 2017
Q3 has seen a significant jump in volumes to £199m following the quiet opening months of the year with less than £30m transacted in the run up to the summer. The most significant transaction being Wirefox’s acquisition of Castlecourt in a deal worth c. £123m.
22 August 2017
Investment transactions in the second quarter in NI very much mirrored the first quarter with transaction volumes of less than £20m, this was unsurprising in the context of the UK election which traditionally has a pausing effect on the investment market, this effect was somewhat amplified in the context of the wider macro political climate.