PERIODIC RESEARCH

A frantic end to 2021 saw nearly €2bn of assets trading in Q4, two-and-a-half times the Q3 figure. This took the full-year total to €5.52bn – the second highest turnover on record.

Nearly €800m of property assets traded in Q3. Because Q3 coincides with holiday season, this was somewhat lower than the Q2 figure. However, it represented a 14% pick-up on Q3 2020 turnover and was the second strongest Q3 for six years. Taking the year-to-date as a whole, €3.52bn of income producing assets have now traded, meaning
that activity over the first nine months has already outstripped the 2020 total.

Occupiers took 43,000 sq m of Dublin office space in Q3. Unsurprisingly, given very sluggish activity in the first half of the year, this represented a 162% uplift on Q2. Perhaps more surprisingly, Q3 2021 was the busiest third quarter since 2018, with take-up levels 20% above the longrun Q3 average.

The fourth edition of BNP Paribas Real Estate’s Dublin retail parks analysis is now available. In this report we provide a comprehensive overview of the main retail parks in Dublin, examining ownership, occupancy rates, occupier profiles and key performance indicators.