Commercial Property

Lisney predicts commercial property is close to bottom of cycle

Estate agent says prices will continue to fall but there are some silver linings

Aoife Brennan, head of research at Lisney. ‘Some larger investors are earmarking a return to the market in the second half of the year.’ Picture: Fergal Phillips

Signs that the prices for Irish commercial property many be coming close to the bottom of the cycle are suggested by the latest report from estate agent Lisney on the outlook for the investment market in 2024.

The report predicts that yields will move out further and prices will continue to fall in 2024, particularly in the first half of the year.

However, there are some silver linings in the outlook. “Encouragingly, there is some ...