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Northern Ireland Commercial Update Q1 2018

Northern Ireland Commercial Update Q1 2018

02 May 2018
Report

Q1 2018 has seen record breaking volumes of office take up with c. 270,310 sq. ft. transacting across 23 deals. Similarly to quarters 3 & 4 2017, take up by tech/digital and media occupiers continues to account for the lion’s share of activity, equalling 70% in Q1 2018. The emergence of these sectors as the dominant force in the market has been a real positive for Belfast.

Key

270k sq ft

Highest quarterly office take up on record took place in Q1, 2018

£10m

£10 million of transactions during Q1, 2018

£150 psf za

Retail market dominated by CVA’s and restructuring.

1m+ sq ft

Notable transactions during Q1, 2018 in excess of 1,000,000 sq ft

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