2017 was a dynamic year for the sector with transactions totaling €386.8m across 24 deals. This represents a substantial increase on 2016 volumes which stood at €269.1m. Dublin remains the most attractive market for investors, attracting 96% of total residential investment in 2017.
Dublin logistics remains in the top five most underpriced markets in Europe, moving to third most underpriced in Q1 2018, moving from fifth in Q4 2017. Moscow remains at the top of the table, ranking first and second for its retail and office sectors respectively. These markets have the highest medium-term rental growth forecasts, and also hold expectations for further yield compression in 2018.
The latest research on the Dublin office market saw take up reach 71,200 sq m in the opening quarter of 2018, a very active three-month period. A strong quarter was also recorded for signed, reserved and pre-let deals, resulting in pre-committed space now standing at its highest level in the current cycle.
The first quarter of 2018 saw approximately €933m transact in the Irish investment market, an undoubtedly strong start to the year. Investment volumes were boosted significantly by three transactions above €100m, which combined accounted for over 50% of the total figure.
The DNA of Real Estate provides an overview of quarterly performances in the key office, logistics and high street destinations within Europe, and giving you a summary of prime rents and yields for the respective cities and markets. Rental growth in the European office market reached its highest point since the beginning of 2012 in the first quarter of the year.