Commercial Property

Commercial real estate turnover Q2 figures drop 68% to €200m

Number of transactions in line with Q1 at 22 as r

The top transaction for the quarter was Remakes acquisition of 87-88 Harcourt Street

Commercial real estate turnover draft figures for Q2 2023 have been released and show a decrease in overall spend from the previous quarter and the 10-year average.

The total volume of transactions in Q2 equated to about €200 million – a 68 per cent decrease from Q1. However the number of transactions was in line with Q1 at 22 for the quarter compared to 26 in Q1, indicating investors are still active but at smaller ...