A review of the performance of the Cork commercial property market for the first quarter of 2019 by Lisney gives support to sentiment of a temporary cooling down in activity levels. Prime investment yields remained stable in Cork in Q1, it’s reported, with 6% on offices, 6% on retail, 8% on industrial and 5.25% (gross) on PRS residential investments. Overall vacancy declined, to 11.8%, compared to 12.25 in December 2018, and from 14% at the end of Q1 2018. We also expect the pace of rental growth to slow with rents somewhat stabilising as new schemes come to the market. Rental levels are expected to remain very competitive compared to Dublin, making the Cork attractive to FDI companies.”Details: Lisney, 021-4275079

Source: Irish Examiner April 03, 2019 17:15 UTC