Turnover for the office sector was just over €1.2bn in 2020There was €1.2bn invested in Ireland’s Private Rental Sector (PRS) last year, according to a report from property agents Savills Ireland. The PRS’s share of the commercial property investment market for last year was 39pc – its highest-ever share recorded. The office sector accounted for 41pc of total turnover in the commercial property market last year, the ‘Investment Market in Minutes’ report found. Over €365m worth of office assets transacted during the last three months of 2020, bringing the total turnover for the office sector to just over €1.2bn last year. Looking to this year, the report stated that there is “a wall of money” looking to be deployed in the office sector for the right income streams, specifically green buildings, with more than 10-years of A rated income remaining.

Source: Irish Independent February 23, 2021 08:48 UTC