Retail rents to grow 10% in next two years

Retail property rents are set to grow by up to 10% over the next two years.

New research by Savills also shows employment is the most important factor in determining retail rents.

The cost of rent in some prime shopping locations has already risen by more than a third over the last three years.

Director of research at Savills Ireland Dr John McCartney said: "Fundamentally, consumer confidence ebbs and flows.

"The real determinant of retail rents is jobs growth, which has continued to be really strong with 2.9% growth in the last 12 months, or 57,000 jobs."


Email Updates

Receive our lunchtime briefing straight to your inbox

More in this Section

6,400 free upskilling courses available through Springboard

US stocks tumble to worst loss in three months

Starbucks founder questions America's 'moral fibre'

Report shows 11% rise in '.ie' domain registrations


Today's Stories

Kingspan ‘ready’ to conduct big acquisitions

ECB: Ireland is largest base for SPVs in the eurozone

Cork business backs tourism stimulus

Lobby group warns on trade

Lifestyle

Classical Review: Ensemble Marsyas

Album Review: Grizzly Bear - Painted Ruins

In Vogue: Changing of the guard at iconic fashion magazine

Lidl and Heidi Klum - has the High Street reached peak collaboration?

More From The Irish Examiner