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Northern Ireland Commercial Update Q1 2019

Northern Ireland Commercial Update Q1 2019

23 May 2019
Report

The first quarter saw a modest start to the year for the Northern Irish commercial real estate market, albeit a significant improvement on the £10m transacted in the same quarter last year. A variety of sectors were included in the £41m transacted during the first 3 months of the year, and in the context of local political stalemate and wider uncertainty as the UK misses the Brexit deadline it is perhaps unsurprising that the majority of this activity comes from local investors.

Key

£41+m

£41+m of investment transactions during the first 3 months of the year

c. 107k sq ft

106,779 sq ft of office take up across Belfast in Quarter 1, 2019

£150 psf za

Prime Rents in Belfast City Centre

532 jobs

532 proposed new jobs in the industrial & logistics sector announced in Quarter 1, 2019

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