Despite recent changes in legal rules whereby significant due diligence must be completed before a contract for sale can be drafted, we still find that vendors are not being sufficiently thorough in ensuring their property is ready for sale before bringing it to the market.

The industrial & logistics sector has experienced rapid growth across the globe in recent years. In Ireland, strong occupier demand and low supply have driven sharp increases in rents and capital values, which are now reaching record levels.

Irish commercial property investment slowed to just over €1 billion (-47% year-on-year) across 37 transactions in Q4 2022, reflecting a global slowdown in investment volumes as a result of market uncertainty and rising interest rates.

Office take-up in the Dublin market reached 832,314 sq. ft. in Q4 2022, bringing annual take-up to over 2.6 million sq. ft. This is an impressive result and is above the ten-year average, but masks increasing uncertainty in the office market which will impact demand and activity going forward.