Property Year In Review

JLL Ireland: year of treading carefully, in all but retail sector

Activity in the office sector is expected to gain momentum in 2024, while gap will widen between lean, green property and older stock

Since the easing of pandemic restrictions, the office sector has faced numerous challenges

As a result of challenging economic conditions, a prevailing sense of caution characterised the market in 2023, resulting in lower-than-average investment volumes.

For the first nine months of the year, €1.4 billion was invested, and we are forecasting volumes to reach €2 billion once the final quarter’s volumes are accounted for at the end of the year. This marks the lowest year for investment in commercial real estate since 2013, trending 52.5 per cent below ...