Retail rents on major Irish shopping streets up 35% from start of the year

RENTS on Ireland’s top shopping streets have increased by 35% in the first six months of the year.

Massive rent rises in Dublin, Cork and Limerick have pushed them into the top 10 fastest rising retail rent locations in Europe.

With the River Island outlet on Grafton Street hitting a world record €15,000 per square metre (psm) per year in September, rents in other key shopping locations in Irish cities are also on the increase.