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News Release

Dublin

Commercial property report signals the road to recovery for Ireland.

Overseas investment in Irish property is already up 50% on last year with prime Dublin office rents predicted to increase by 17% in 2014.


International property investors have over €6 billion to invest in Irish commercial property and so far in 2013, investment in Irish commercial property is already up 50% with the trend predicted to continue throughout 2014.

In the due to be published “Property Forward 2014”, the Jones Lang LaSalle in-house research team  who have been tracking trends in the Irish commercial property market since 1973, are signalling good news for the Irish economy in 2014. The report highlights positive changes across all sectors of the commercial property market including:
 
- By the end of 2014, the total volume of commercial property investment in Ireland will have almost doubled since 2012 to €1.8 billion. (source: Jones Lang LaSalle Research)
 
- Prime offices rents in central Dublin are forecast to increase by 17% over the next 12 months. (source: Jones Lang LaSalle Research)
 
- 2014 will mark the start of speculative office building in Dublin (source: Jones Lang LaSalle Research)
 

- Hotel occupancy rates have increased by 11% since 2009 and room rates have increased by 16% since 2010 (STR Global, August 2013).