MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
  • Mortgages
  • Property Report
MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
    • Mortgage Learning Center
    • Calculators
    • Best Mortgage Table
  • Property Report
    • All Properties
    • Houses For Sale
    • Apartments For Sale
    • Available To View
    • Overseas Holiday Homes
      • Properties For Auction
      • Upcoming Auctions
      • BER Assessors
      • Property Conveyancing Solicitors
      • Pre-Purchase Surveyors
    • Find Agents
    • All Properties
    • Houses To Rent
    • Apartments To Rent
    • Available To View
    • Share
      • Irish Holiday Homes
      • Overseas Holiday Homes
  • New Homes
    • For Sale
    • To Rent
    • Auction
      • Residential Land
      • Commercial Land
      • Farm Land
      • Farms
      • Sites
    • MyHome Living
    • Buyer Advice Hub
    • Property Report
    • Property Price Register
    • Price Changes
  • Mortgages
    • Rental
    • Holiday Homes
    • Commercial
    • Sharing
Advertisement
  • Home
  • Uncategorized
  • Commercial property market up 3.5% in last quarter
Uncategorized
Oct 25, 2013 - 11:18

Commercial property market up 3.5% in last quarter

The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
Commercial property market up 3.5% in last quarter

Overall returns in the Irish commercial property market rose by 3.5 per cent in the three months up to the end of September, bringing the results for the past year up to + 9.3 per cent.

This was the eighth consecutive quarter that the Irish Index produced by Jones Lang La Salle showed positive results.

The findings will come as no surprise to the wide range of Irish and overseas investment funds and private individuals who are chasing distressed property assets being offered for sale on an almost weekly basis on behalf of the banks and Nama.

Investment sales have already exceeded €1 billion and could well reach at €1.25 billion by year end despite a strengthening in values across the board.

Advertisement

The JLL study shows that overall capital values increased for the second consecutive quarter by 1.1 per cent.

Not surprisingly, offices did best with a rise of 1.7 per cent followed by retail (+0.6 per cent) and industrial (+0.5 per cent).

Year-on-year values have continued to fall, although only marginally, with an 0.9 per cent slippage in the last 12 months.

Overall income rose by 1.3 per cent in the quarter compared to a slippage of 1.9 per cent in the previous three months.

In spite of an income fall of 3.8 per cent in the Jones Lang portfolio over the past 12 months, the properties still managed to produce overall returns of 9.1 per cent.

Advertisement

With increasing signs of more stability in the occupier market, JLL rental values rose by 3.3 per cent in the office sector and by 1.2 per cent in industrials.

However, the retail properties did not fare so well, falling 2.2 per cent in the third quarter.

Hannah Dwyer, head of research at JLL, said the continued fall in retail rental values – down 10.4 per cent in the last 12 months – highlighted one of the challenges facing the sector.

“This is a reality for many landlords and investors who have faced significant falls in values over the last few years. Although rents now appear stable for prime product, further rental pressure for non-prime units is still expected.”

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

  • Tags
  • commercial
  • commercial property market
  • distressed property
  • Jones Lang La Salle
  • NAMA
  • property market
The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share

Helpful Links

Find your home on MyHome
Read more Articles
Calculate what you can afford to borrow
Welcome to the Retrofit Hub
Advertisement
Advertisement

Related News

What is a Heat Pump?
Uncategorized

What is a Heat Pump?

Feb 27, 2025
Living Cities Initiative
Uncategorized

Living Cities Initiative

Jan 14, 2025
Digital Services Act
Uncategorized

Digital Services Act

Mar 31, 2024
Avant Money and Finance Ireland announce new rates
Uncategorized

Avant Money and Finance Ireland announce new rates

Dec 09, 2021
Average deposit of first-time buyer was €52,000 in first half of the year
Uncategorized

Average deposit of first-time buyer was €52,000 in first half of the year

Dec 07, 2021
Frequent And Popular Searches
MyHome.ie Blog
Help
Jobs
About
Equality Guidelines
Brand Safety
Contact
Terms & Conditions
Cookie Policy
Privacy Policy
Digital Services Act
Sitemap
© Copyright MyHome.ie 2025
Advertisement