Cork 2012: Steady demand for city units

Good quality city centre office units are still being sought, writes Sandy Hazel.

23rd June, 2012
Patrick Street, Cork city: retail space in the area is maintaining high occupancy levels.

There is mixed news for the commercial property market in Cork, according to Peter O'Meara, director of Savills Ireland in Cork. "Retail space in Patrick Street and Opera Lane maintain high occupancy levels," he said. "Capital contributions towards fit-outs are less available, but there is evidence of flexibility by landlords on rent-free periods and flexible lease terms to secure deals."

According to a report by the Investment Property Databank (IPD), released in April, retail property...

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