Bannon Retail Pulse – January 2024
Our first Retail Pulse of 2024 has now gone live. In this publication, Neil Bannon looks at a year of growth in the retail sector in 2023 building on 25 years of growth in Ireland. To view the full report, please click here.
Stellar Retail Sales Growth since 2019
The latest Retail Sales figures indicate a very positive environment for retailers trading in Ireland. Since 2019, the last pre Covid year, retail sales have grown by over 25% in value terms, 20% when you exclude motor sales (which grew by a stunning 40% during the same period). This growth is not restricted to the […]
Bannon forecasts key property management challenges to address in 2024
Commercial property managers face new challenges in 2024. These challenges need to be addressed using knowledge, expertise and technological innovation. As the economic, social, and technological spheres evolve, property managers are forced to look at what measures can be implemented to ensure the smooth operation of commercial spaces. Based on industry data and expertise, the […]
At a Glance: Dublin Office Market Year in Review
Dublin office market take-up reached 1,441,000 Sq.ft. for 2023. This take-up figure represents a 45% decrease on 2022 and a 56% decrease on Q3 2019 (pre-covid). Despite this however, the number of transactions remained steady with 202 transactions completing in 2023, compared to 219 in 2022 and 204 deals completing in 2019. Smaller office space […]
Charlemont Quarter
Our first land sale of 2024 has just completed! We wish the purchasers all the best with the future development and look forward to seeing this scheme of 19 apartments being delivered. Thanks to Robert Nowlan of RW Nowlan & Associates and Ruairí O’Donnell & Shane Sweeney of McCann FitzGerald LLP for their input and […]
Investment Pulse 2023
2023 was very much “annus horribilis” in terms of capital market’s activity. Concluding with a total turnover of €1.85 billion it represents the lowest level of activity since 2012. Clearly the pricing uncertainty brought about by the ending of the free money era, driven by a multitude of geopolitical and economic factors, has had the […]
