Commercial Property

Cork bucks trend with boom in commercial property

Investment in the sector rose to €189 million, a new market analysis has shown

Cork city’s hotel supply will get a boost this year, with a 148-bed Moxy Hotel due for completion in 2024

Cork’s commercial property market bucked the European trend last year as investment in the sector rose to €189 million, a new market analysis has shown.

Research by CBRE, the property consultancy, found that annual investment spend in the city has averaged at €145 million since 2015.

Last year, the level of investment spend in Cork was up 30 per cent higher year-on-year as most European cities recorded a strong decline in investment activity.

Half of ...