Publications - Republic of Ireland

01 August 2017
The strong demand witnessed in the Cork office market in the opening quarter continued into the subsequent three month period, particularly for high quality modern space. The amount of available accommodation declined further and consequently, the overall Cork vacancy rate fell. Following robust activity in Q1 2017 (6,250 sqm), take-up remained at good levels in Q2. Approximately 4,550 sqm was transacted with an average deal size of 650 sqm.
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01 August 2017
The strong activity witnessed in the opening quarter of the year continued into Q2. The number of deals transacting increased while demand for smaller type units decreased in the three months. The majority of the properties taken up exceeded 500 sqm. Supply levels were 0.6% lower than Q2 last year. The vacancy rate for Cork decreased to 16.2%.
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01 August 2017
The Cork market is exceptionally price sensitive. Central Bank rules in relation to higher deposit requirements for non-first time buyers continue to impact activity in the mid to upper-end of the market. First-time-buyers are the driving force in the market with exceptional activity in the sub-€300,000 price bracket. Large uplifts in this price bracket are being driven by a lack of supply and high demand.
Corkresq2.jpg
01 August 2017
The development land market has performed well in the first half of 2017. There has been an increase in the volume of sales closing and smaller lot sizes appear to be the trading preference due to a scarcity of larger sized lots on the market. There is particular interest in sites suitable for student accommodation and ‘build-to-rent’The development land market has performed well in the first half of 2017. There has been an increase in the volume of sales closing and smaller lot sizes appear to be the trading preference due to a scarcity of larger sized lots on the market. There is particular interest in sites suitable for student accommodation and ‘build-to-rent’multi-family residential projects.
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