Market Data

International Beat

Dublin's Big Deal

Irish Life has purchased the City Quay development in Dublin, for $156 million from the City Development Fund, which is a subsidiary of Targeted Investment Opportunities. One of the world's leading business advisory firms, Grant Thornton, is the major tenant for the 118,000-sf office building, which is slated for completion in May 2018. Dublin is experiencing strong office market growth as investors look for alternatives to London. During the past four years, Irish Life has invested $1.25 billion of its commercial property portfolio in Ireland, according to Irish Building Magazine.  

JA17_pg44a

Global Markets to Watch

Tech startup firms are fueling an office boom in Berlin.  The space crunch is so tight that leases for central locations have been auctioned off to aspiring tenants, according  to The Wall Street Journal. Often six or seven applicants vie for the same space and have to demonstrate their creditworthiness. Berlin’s office vacancy has declined by 66 percent in less than 10 years to 2.7 percent —  the lowest in 17 major cities analyzed, including London and Paris.


JA17_pg44b

Continue Reading

JulyAug2017Cover

Recommended

Regional Outlook

July.August.17

Read More

Market Trends

July.August.17

Current Market Trends: Millennials are moving the needle on retail. | Disruption is coming for grocers. | Retirement properties grows as a niche investment market. | Artificial Intelligence is the new user interface. | What's in store for medical office buildings in 2017?

Read More

Regional Outlook

May.June.17

Houston's office market may rise again. | Top 5 multifamily markets with the highest 2017 expected completions and absorption. | Low office vacancy rates in Boston. | Industrial markets in California and Miami are strong | Hotel market grows in Charlotte, N.C.

Read More

International Beat

May.June.17

Leadenhall Building in London was purchased for $1.42 billion | 2016 European transaction dips from record levels. | China leads real private consumption growth based on 2016 forecasts.

Read More