Commercial Property
Dublin city centre buoyant as the high street makes a comeback
The capital’s main shopping streets have returned to near normality after the pandemic, with rents rising and retail capital values dipping far less than in other sectors, writes Donal Buckley
The retail property sector, and especially Dublin’s two high streets, are showing signs of stability and resilience as the city centre approaches normality after the pandemic. Retail rents increased by 0.7 per cent in the first quarter of this year.
Additionally after a 12-month average decline of 10.9 per cent in retail capital values, their rate of decline slowed in Q1 2023 when they recorded a quarterly dip of only 0.5 per cent. That’s at ...
