Europe Commercial Real Estate News
Europe Commercial
Ireland Commercial Property Investment Predicted to Hit €4 Billion in 2021
€1.5 billion of investment deals have traded in Q2 of 2021. This is a particularly strong quarter, and combined with Q1, indicates that €2.7 billion has traded in the first 6 months of the year.
Dublin Office Market Improving in 2021, But Far From Normal
Global real estate consultant JLL, which tracks Dublin office market deals, indicates that total take-up of space in Q2 was close to 200,000 sq ft. This is a significant increase from the 45,000 sq ft recorded in Q1
Exploding Global E-commerce Growth Requires 1.5 Billion Square Feet of New Distribution Space
With e-commerce penetration expected to grow to 26 percent of all retail sales by 2025, the U.S. will need an additional 330 million sq. ft. of distribution space just to handle the increase in online ordering in that timeframe.
South Korea Commercial Property Investment Imploded in 2020, Driven by COVID
According to CBRE's 2020 Korea In and Out report, foreign investment in the Korean commercial real estate market reached an estimated $1.9 billion in 2020, down 24% y-o-y, while Korean outbound commercial real estate investment volume fell 39% y-o-y to $6.3 billion in 2020.
