Whether our clients are acquiring, selling, managing or investing in property, good decisions depend on accurate, carefully analysed information. Our team makes a close study of real estate globally, delving into specific sectors and markets as well as exploring broader real estate trends. We report back to our clients via publications, reports and presentations.
Why do they choose to work with us?
The research team has access to data, market intelligence and human expertise from a worldwide network of CBRE offices. The EMEA research team alone numbers 106 people in 43 EMEA countries and incorporates a specialist cross-border research team. The findings we report to our clients have a depth - and a value - that other firm’s researchers cannot match. It’s how we give our clients a competitive edge.
Which specialist services do we offer?
Regular local market analysis and reports
Analysis and reporting of regional and global trends
Ireland annual report containing final year figures for transactional activity in each sector of the Irish commercial property market in 2017 and predictions for each commercial real estate sector for the year ahead.
2017 was a very active year for the Irish commercial real estate sector although returns and transaction volumes returned to more normalised levels following three years of out-performance.
The occupier markets continued at pace with the office sector being the star performer. The bulk of leasing activity in the office market in the capital emanated from the expansion and relocation of existing occupiers with Brexit providing a welcome additional layer of demand during the year. Indeed, the volume of leasing activity accounted for by UK occupiers more than doubled year-on-year.
Prospects for the Irish commercial property market remain very promising although economics, tax and politics will continue to have a huge bearing on the trajectory of the market over the next 12 months.
The Irish CRE market is now approaching late cycle in many respects. However, occupier activity remains robust, development is controlled, the market is priced attractively compared to the rest of Europe and there are still considerable opportunities for both occupiers and investors alike.
In addition to demand for office and industrial & logistics opportunities, we expect to see continued flows of capital into alternative sectors over the course of the next 12 months with particularly strong demand for residential investment opportunities in Dublin, considering the stable long-term income streams this sector can deliver. Alternative sectors will become increasingly mainstream
CBRE Ireland Industrial ViewPoint report on the impact of e-commerce on logistics property demand.
The proliferation of e-commerce has led to the ongoing integration of logistics and retailing globally. Consequently, there is rising demand for logistics accommodation. With the sector showing very limited availability of large-scale modern warehouse space, rental growth has firmed and spread across European markets, including Dublin, which is experiencing robust occupier demand and rising rents.
This Industrial Viewpoint looks at the demand drivers for logistics accommodation within the Irish context and provides some examples of viable solutions to the ‘City Logistics’ challenge.
Increased appeal and an encouraging European context: again, the forecast for 2018 is very positive. However rates will remain under pressure, at least for small and medium volumes. Due to liquidity problems on certain market segments, buyers will pursue differentiating strategies, both in terms of risk and asset category. They will try and widen the scope of their investments.
Like for like, volumes should therefore stabilise. The French market should continue to expand through diversification.
Sustainable upswing on German real estate markets Thanks to economic boom
Growth rate of GDP is set to rise by 2.2% (2017) - economic uptrend is set to continue at a vivid pace in 2018 as well and gain a broader footing
Transaction volumes on the German commercial investment market 2017 exceeded the €57 bn mark; for 2018 we assume that despite limited supply the market dynamic will remain high
Record in office letting take-up 2017 - veritable excess demand, reduced vacancy and moderate new build activity lead to further rising rents in 2018
Overall German retail take-up volume in 2017 is anticipated to exceed the €500 bn threshold - demand of (inter-)national retailers still high, but more focused on locations and concepts - challenge of growing e-commerce
Due to strong expanding online-trading, new logistics property types for the last mile are increasingly in discussion in urban locations
Fiercer competition for core hotel products in prime locations is expected - investors will focus more on economically strong major provincials, secondary cities and new property developments.
Care homes establish themselves more firmly as an investment alternative – even for classic, conservative core investors
Residential markets remain strained despite risen building activity - increasing rents and purchasing prices in the high-influx regions.
Strengthened growth perspectives, robust rental fundamentals, real estate spread rates that are very attractive from a global perspective: The context for real estate investment in Europe definitely continues to be positive, with a new record year in terms of volumes exchanged. Although the dynamic in Germany slowed down, it remained positive. Following the strong impact of Brexit on investment hopes in Great Britain, the market picked up again in 2017. New geographic areas have increasingly attracted the attention of purchasors looking to diversify (Scandinavia, Central and Eastern Europe, Benelux ...). Amongst the major countries, Spain was the only country whose performance at the end of the year slowed down, due to issues related to the independence of Catalonia.
In the footsteps of a clearer economic situation with confidence in companies that has been gradually restored, the Ile-de-France market in 2017 reached a new peak since 2007, with a take-up of 2.6 million sqm (+8% compared to 2016, and +15% compared to the 2007-2016 average).