Irish commercial property market on course for record-breaking year

The commercial property market has seen its highest level of investment in a single quarter and is on course for a record-breaking annual total, according to research.

Global real estate advisers CBRE’s latest commercial property report shows that Ireland and Spain are close to record-breaking investment levels.

The Irish market achieved its highest ever total this quarter with €1.6bn — surpassing the previous high in Q3 2006 of €1.5bn as investors continue to look for value in non-core markets.