Year in review: Investment market statistics do not tell the whole story

Amid the general market optimism, the sub €20 million sector is still struggling, but it is set to recover – and rebound – in the coming year

QRE real estate negotiated the largest office letting of Q2, 2021, some 1,750 square metres of space at Connaught House in Dublin 4 to Philip Lee Solicitors. Picture: Tony Healy

After a significant post-lockdown shock in Quarter 1, most sectors of the commercial property market, thankfully, have remained relatively resilient throughout 2021.

The occupier market for offices performed incredibly poorly in Quarter 1 and 2, but we saw encouraging take-up figures in Q3 and anticipate a strong finish to the year.

In our view, all the hype about the imminent death of the office market is overplayed. We expect that there could be up to ...