While 2022 may not surpass or even match the extraordinary €5.5 billion invested in Irish real estate in 2021, the ongoing emergence of society from the Covid-19 pandemic should mean another strong year for the commercial property market, according to CBRE.
Speaking at the virtual launch of the 33rd edition of the commercial real estate agency’s annual Outlook report, CBRE Ireland managing director Myles Clarkesaid: “The landscape for commercial real estate is dramatically different from the last decade, yet long-term financial trends and the growth trajectory of the Irish economy remains intact. This presents immense opportunity. Indeed, the central theme of this year’s report is Identifying Opportunity”.
Ms Hunt said 2022 will be marked by an increased focus on sustainability, with ESG considerations now the lens through which occupation, development, investment and funding decisions are made. A “greenium” or green premium will be paid for those assets with the best green credentials, she said.That focus on sustainability will, CBRE believes, become apparent this year in the office sector with a greater divergence in performance and pricing between prime and secondary buildings.
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