Colm Lauder: Despite economic optimism, commercial property investment will be slow to rebound

Investor appetites are drifting somewhat away from the prime end of the market, but there will be some uptick in 2024

New offices under constriction in Dublin’s Docklands area. Picture: Paulo Nunes dos Santos

Last week I joined the presentation of the latest results from the MSCI/SCSI Ireland Quarterly Index for the final quarter of 2023. This is the key benchmark for institutional and international investors looking at Irish property, and for over four decades has been the bellwether of the market.

Unsurprisingly, these numbers painted a bleak picture for the performance of Irish institutional property over the last 12 months, with capital values tumbling by over 13 per ...