Another notable victory for Cork city
Office and hotel development is gathering pace in Cork, as yields harden and occupancy rates rise
Development of offices and hotels is gathering momentum in Cork city centre, while its suburbs are seeing student accommodation, housing, offices and industrial projects underway. Reflecting the resurgence in the local economy, investors are increasingly willing to pay more for some Cork properties, as suggested by Cushman & Wakefield’s report which said that prime office yields hardened by 25 basis points (bps) in 2018 to 5.5 per cent.
Independent journalism every day
With digital access you can read The Business Post whenever, wherever, and however you want.
- Unlimited access to all sections of The Business Post on desktop, tablet and mobile.
- Breaking news, comment and analysis from the best Business Post writers seven days a week.
- Live blogs of major news events
- Videos and podcasts from some of the industry's most respected journalists such as Tom Lyons, Susan Mitchell and Ian Guider
- Access to The Business Post's extensive archive