Office market drags on construction sector despite ‘surge’ in homebuilding
Construction input costs on the up but builders confident that demand for housing will carry forward into 2025
BNP Paribas Real Estate
Technology sector share of Dublin office take-up shrinks to new low of 7.1% in third quarter
Vacancy rate overall edged higher in the third quarter, despite ‘positive momentum’ for leases, says BNP Paribas Real Estate Ireland report
Block B at Dublin Airport Business Park fully let following new lettings
Leading insurance broker and shipping company sign five-year leases at newly developed building
Dublin office market shows signs of life - but it is still too early to call a market recovery
Assignments and sub-lets boost take-up but do not reduce vacant space. Over 250,000sq m of new space is due by end-2025, which could compound the issue
Not enough zoned land in key areas to meet housing targets, says Goodbody stockbrokers
Goodbody estimates need for up to 60,000 units a year to deal with existing shortfall of supply and population growth.
French investor in €24m deal for MetLife’s Dublin headquarters
Price paid represents 40% discount on valuation ascribed to prime city centre office block in 2018
ICOT College signs for new headquarters at Joyce’s Court
English language school to occupy office block off Talbot Street in Dublin city centre on new 25-year lease
Government faces housing target challenge
New figures show home building stepping up but completions lagging
Remote working ‘headwind may be weakening’ as Dublin office leasing picks up
Vacancy rates continue to rise due to relative oversupply of properties, says BNP Paribas Real Estate
Construction sector rebound continues in April with fastest expansion in over two years
Rise in new orders and employment last month points to momentum in building activity, data suggests
Surge in new office space in Dublin despite rise in vacancy rates
Empty offices boost tenants’ bargaining power, BNP Paribas Real Estate report says as new buildings increase vacancy rates
Housing targets at risk as new home completions fall
CSO figures show output fell by more than 12 per cent in the first three months of 2024 which endangers Government’s aims
Short-term shocks and structural change put squeeze on investment
For the current slump to pass, asset pricing must reflect a range of new and not-so-new realities, including the impact of ESG and shorter lease terms
French investor in €16m deal for Garda Ombudsman headquarter offices
21-24 Capel Street is fully let to Garda watchdog, and Spar owner BWG group, and is generating over €1.26m in annual rental income
Global fleet manager signs deal for offices at Two Grand Parade
Union Investment secures first tenant for Irish Nationwide Building Society’s former HQ following redevelopment led by Hines
Investment in Irish commercial real estate slumps to post-crash low
Report by Sherry FitzGerald highlights dramatic fall-off in investment on back of higher interest interests
Investment in commercial real estate plummets to lowest level since 2013
Latest figures from BNP Paribas Real Estate show first-quarter spend came in at €161.7m, or just 15% of 10-year average
French investor enters Irish market with €4.6m deal on College Green
Altixia REIM in line for 7.23% net initial yield following purchase of Circle K premises near Trinity College Dublin
BNP Paribas Real Estate economist casts doubt on bankers’ predictions for new-home delivery
Around the Block: This year’s housing output could prove to be a deciding factor in next year’s much-anticipated general election
Flanagan and Boyd join BNP Paribas Real Estate
Two new directors appointed to capital markets and property management divisions
Uniphar’s Dublin headquarter offers prime logistics investment at €45m
Sale and leaseback of Citywest premises promises 5.26 per cent yield
New Dublin 4 office offers sustainable statement headquarter space
Glencar House in Ballsbridge targets companies seeking well-located ESG-compliant office accommodation
Construction sector increases hiring despite continuing slowdown
Index shows seventh successive month of contraction in activity and 12th month in 13 dating back to October 2022
Collapse in demand means ‘no relief for Dublin office market until 2027′
Leasing activity plunged to lowest level since 2010 last year, says BNP Paribas
Gloomy finish compounds ‘dismal’ 2023 for Irish investment property market
Assets are being ‘mispriced’, says BNP Paribas, leading to ‘transactional logjam’
Construction activity kept shrinking in December
December marked the sixth consecutive month of contraction in the broader construction sector
Sharp decline in construction activity in November
Biggest contraction in activity last month was in the residential sector with home improvement market stalled by rising building costs
Investment stalls as higher interest rates hit values and hurt sentiment
Commercial real estate market under severe stress as sellers and buyers engage in price standoff
Marginal growth in commercial construction in October
However, the supply pipeline of new office projects is set to fall away “sharply” from next year
Offices at 57 Adelaide Road fully occupied following latest letting
VMO Aircraft Leasing signs new 10-year lease for 4,530sq ft of space on building’s first floor
Construction slows again but inflation appears to be easing
Employment continues to rise modestly with more firms optimistic about being busier in 12 months’ time
After all their interventions, have Irish governments only made the housing crisis worse?
We’ve had dozens of policies and strategies all feeding into a steadily worsening problem characterised by a widening affordability gap
DunPort Capital Management signs deal for office at Blackrock Village Centre
BNP Paribas Real Estate now marketing final floor of offices at refurbished south Dublin scheme on behalf of Aviva
Commercial construction activity contracts most since lockdown
At the end of June about 3.1 million square feet of office space was under construction in Dublin, according to Lisney estimates
Hooke & MacDonald retain title at Irish Times SCSI tennis tournament
Around the block: Inaugural winners of hotly contested competition secure victory for second year in a row
Recovery in construction stalls in July as inflation picks up again
Latest BNP Paribas Real Estate Purchasing Managers’ Index (PMI) highlights first fall-off in new orders in six months
Remote working: A quarter of Ireland’s workers now operate from home most of the time
Companies are responding by seeking less, but better quality, office space, according to commercial property group
Commercial property at a near standstill, mortgage prisoners, and what next for working from home?
Business Today: the best news, analysis and comment from The Irish Times business desk
Irish investment property market at ‘near standstill’ in second quarter – report
Value of market turnover between April and June was less than that recorded in any quarter during the pandemic, says BNP Paribas
Something has to give to kickstart stalled Dublin office market
Investors lose appetite for prime Dublin offices in face of falling occupancy levels and rising interest rates
Asking prices for homes rise as property market ‘stabilising’, MyHome.ie report says
Easing of mortgage borrowing rules for first-time buyers and ongoing Government supports are underpinning prices, says MyHome.ie report
Kennedy Wilson seeks occupier at the Chase Building in Sandyford
Fourth-floor office accommodation has undergone extensive refurbishment and is available on flexible terms for €30 per square foot
Dublin offices are too dear and sales at the prime end of the market have effectively paused
Opinion: The office vacancy rate in Dublin has risen faster than in almost any other European location yet the pricing has not adjusted
Apex Fund Services signs for extra office space at Irish Life Centre
Global fund services provider secures space for over 100 additional workers at Dublin 1 development
Housing starts continue to rise despite hike in construction costs
Commencement notices for the construction of 9,928 new homes were received by the Building Control Management System between January and April
Irish economy to keep growing even as European Commission warns of ‘persistent’ inflation
Spring forecast paints upbeat picture of domestic economy, with strong exports and resilient consumer demand expected to drive growth
Home building slowed at steepest level of year so far in April
Construction sector continued to struggle amid a sharper contraction in activity, report by BNP Paribas shows
New homes building activity falls for sixth month in a row
Decline will be seen as a blow to Government efforts to get to grips with housing crisis.
Property market keeps slowing, Digital Service’s Bill’s future, and what work buzzwords to be ignored
Business Today: the best news, analysis and comment from The Irish Times business desk
Forecasters keep underestimating new home completions - we need to get it right
Arguing between 27,000 and 30,000 housing completions may seem like splitting hairs but it has important policy and political implications
Apple tax case heads back to court, Bank of Ireland’s share awards and what next for Silicon Valley Bank
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Construction firms take on more staff as downturn slows
‘Green shoots’ enjoyed by the sector strengthened further in February, report by BNP Paribas Real Estate Ireland finds
Commercial construction tender prices soften but inflation still ‘substantial’
Rate of increase declined from 7.5% to 4% in second half of 2022 due to falling energy prices
Commercial property market faces into winter, but will it be a big freeze?
The sector is dealing with a double whammy of an economic downturn and changes in working patterns
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