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
• 2016 - a year of surprises for the real estate sector with Brexit, the US election and Budget tax changes particularly topical
• Phenomenal activity in all occupier markets on the back of strong job creation numbers and favourable demographics
• Very strong rental growth achieved in all sectors of the Irish market
• Investment & hotel spend surprised on the upside
• 2017 - A combination of seismic events has muddied the waters, to the extent that the trajectory of the Irish real estate sector remains somewhat uncertain
• Ireland is expected to see economic growth of at least 3.5% being achieved this year compared to 2% in the US and 1.6% in the UK
• Further easing in total returns from Irish commercial real estate in 2017 with income supporting growth in the absence of yield compression
European Commerical Real Estate attracted a record €86.8 billion of investment in Q4 2016; 5% higher than the previous record set in Q4 2015.
The total for 2016 was €251.1 billion, down 10% on 2015.
The largest investment market in Q4 was Germany with a record €19.8 billion transacted.
Of Europes top markets, the Netherlands saw the largest year-on-year growth with investment in 2016 up 17% on 2015, meanwhile the UK saw the largest contraction with 2016 investment down 37% on the previous year.
• Take-up in the Dublin industrial sector reached 77,815m2 in Q4 2016, bringing total take-up in 2016 to 289,945m2
• Year-on-year take-up in this sector is down 32%, primarily due to a shortage of new stock to satisfy demand
• Lettings of industrial buildings accounted for 36% of industrial take-up in Dublin in the quarter and 52% of total industrial take-up in Dublin in 2016
• In total, there were 47 industrial transactions signed in Q4 2016 of which 24 comprised lettings and 23 comprised sales
• In total, there were 183 industrial transactions signed in the Dublin market in 2016
• Prime industrial rents in the capital rose further in Q4 reaching €94 per square metre - a phenomenal 25% uplift year-on-year
• Industrial properties accounted for only 2% of totalIrish investment spend in 2016 and 2.6% of investment spend in Q4 specifically
• Prime industrial yields remain stable at 5.5% at the end of Q4
• Office take-up in Dublin during Q4 2016 reached 73,707m2 bringing total take-up in 2016 to 246,084m2 – almost exactly matching last year
• 76 individual office lettings completed in the capital during Q4 2016 bringing the total number of office lettings signed in Dublin in 2016 to 264
• 5 pre-letting transactions signed in Q4 2016
• 43 of the 76 transactions signed in Q4 were lettings to Irish companies with a further 13 lettings to US companies and 7 lettings to UK companies
• 3 lettings of over 4,645m2 (50,000 sq. ft.) completed in Q4
• 27% of office take-up in Dublin in Q4 2016 occurred in the suburbs
• The overall rate of vacancy at the end of the year was 6.61%
• The Grade A vacancy rate in Dublin 2/4 at the end of Q4 was 2.35%
• Prime rents rose again in the quarter to reach €673 per square metre (€62.50 per sq. ft.) having increased by 14% year-on-year
• Prime office yields remained stable at 4.65% at the end of Q4
• Offices comprised 31% of investment in the Irish market in 2016
This year’s guide is the largest and most comprehensive yet with 64 EMEA cities featured including certain global hubs such as Hong Kong, New York City and Mexico City. Throughout the guide we demonstrate how traditional office settings compare to the more wide spread application of agile working environments.