According to the latest research from global property adviser Knight Frank, European commercial property investment hit €231.8 billion in 2017 after €80.7 billion was transacted in Q4, resulting in an 8.4 per cent increase on last year.
According to global real estae consultant JLL, €2.3 billion ($2.8 billion USD) of Irish investment property traded during the year 2017.
The market with the most expensive premium office rent in the world is Central in Hong Kong (€323 per sq. ft) followed by New York's Midtown ($194 per sq. ft).
Global real estate consultant Knight Frank is reporting this week that office take-up in Milan is set to reach 330,000 square meter in 2017, making it the second strongest year on record.
Madrid's occupational market has seen a particularly buoyant period, with the first nine months of 2017 registering the strongest office occupier activity in a decade.
According to global property consultant Knight Frank, Prague was Central Eastern Europe's top performer for office investment in the first nine months of 2017, with a total of €746 million ($888 million USD) worth of assets transacted over this period.
According to JLL, industrial lease deals in Ireland during Q3, 2017 totaled 407,904 sq. ft across 33 deals. This is a decrease of 42% in the quarter, and a 55% decrease compared to Q3 2016.
Global real estate adviser Knight Frank's newly appointed European Capital Markets Board are optimistic for the future of the European real estate markets
According to a report by real estate consultant JLL and The Business of Cities, London, New York, Paris, Singapore, Tokyo, Hong Kong and Seoul are among the seven most competitive cities in the world.
According to JLL, over $1.5 billion of Irish commercial properties have traded so far in 2017. While this is lower than 2016, last year was an exceptional year.
Office rents in London's skyscrapers are the highest in Europe as companies continue to pay a premium for space in the city's tallest buildings.
The Central Business District office market of Moscow contains a hidden imbalance, which is represented by a shortage of large offices. This will raise landlord confidence and stimulate rental rents growth in the near future.
Global real estate consultant Knight Frank is reporting since the UK's vote to leave the EU in June 2016, there has been widespread concern that jobs might leave the UK, or firms will delay recruitment.
According to international real estate consultant Knight Frank, buyers from Hong Kong have purchased £2.2 billion ($2.86b USD) of office buildings in the City of London over the first half of the year.
Over €770 million of Irish property was traded in the first 6 months of 2017. Although this is down from H1 2016, last year was an exceptional year.