Report shows pick-up in commercial property

THE latest analysis of the Irish commercial property market suggests tentative signs of a pick-up are starting to emerge.

Report shows pick-up in commercial property

As NAMA and the banks start to put properties up for sale that should help inject further demand, the latest bi-monthly report from CB Richard Ellis said.

Higher activity is starting to emerge, particularly in the Dublin market, and the report suggests 100,000 square meters of space will be taken up by the retail and other sectors in 2010. Across the country, the evidence suggests demand is patchy as the depressed economy continues to undermine sentiment.

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