Commercial property market is still outperforming expectations

CBRE’s report for May shows that prime rents in both the office and industrial and logistics sectors have increased quarter-on-quarter

Tullamore Retail Park in Co Offaly. ‘Property has historically proven to be a good hedge against inflation’

Despite the coronavirus pandemic, the war in Ukraine and rising inflation, the Irish commercial property market continues to outperform all expectations.

The findings were confirmed in commercial property specialist CBRE’s May bi-monthly report, which analyses trends and transactions in all sectors of Ireland’s commercial property market.

According to the property consultants, all stakeholders in the Irish commercial property market are acutely mindful of the prevailing geopolitical backdrop and inflationary pressures that have escalated over recent ...