Property

46% of property experts expect commercial leases to become more tenant-friendly

New study shows almost half of people who work in commercial property believe the power dynamic between tenants and landlords will shift

Last year, the value of Irish office properties plunged to their lowest level in over a decade. Picture: Derek Speirs

Real estate professionals expect commercial leases to become more tenant-friendly and flexible in the coming years, a survey by Mason Hayes & Curran has found.

Research from the law firm also showed those within the property sector believe rent review processes are fair for both parties, but could be improved by access to market data.

The review of the commercial property sector, which surveyed more than 250 professionals, showed that almost half of people who ...