| Overall, Ireland’s commercial property market enjoyed a strong 2005, with retail again the top performer, over both the office and industrial markets, for the fifth consecutive year, writes Marian Finnegan. Looking to 2006, retail will continue to be a strong performer as the demand for opportunities will far out strip supply, while demand for industrial accommodation will be strong where covenant and lease terms are attractive and higher yields relative to other sectors are. The office market has had a tough few years, with the vacancy rate at around 17 per cent. However, Finnegan says that there are now some clear signs that the market is showing signs of recovery. |
