Real estate perspectives, economic outlook, outbreak situation, sanitary measures & support schemes. 

Real estate perspectives, economic outlook, outbreak situation, sanitary measures & support schemes.

Ireland’s robust performance continues to ce ment the country’s position as an excellent place in which to invest and do business. This annual publication from BNP Paribas Real Es tate Ireland looks at the market fundamentals, with a particular focus on Dublin commercial property, and asks what is in store for 2020 and indeed the decade ahead.

The Food and Beverage (F&B) sector in Dublin City Centre has developed significantly in both quantity and quality over the last 20 years, with the last 10 in particular showing exponential growth. 

Despite the challenges associated with Covid-19 restrictions, the Irish commercial property investment market delivered a relatively impressive second quarter with total turnover reaching over €430 million.

The Irish commercial property market entered 2020 in a position of strength, underpinned by solid domestic economic fundamentals and healthy levels of occupier activity.

Q2 2020 was the weakest quarter on record for the Dublin office market with take-up reaching just 6,970 sq.m across 13 lettings.

The office occupier market delivered a strong opening quarter, driven by above average activity in the TMT sector with Google, Dropbox, Slack and Salesforce all expanding their presence in Dublin during the first three months of the year.