Key Points
- Although structural trends continue to pose major challenges for the retail sector globally, Ireland’s retail market continues to buck the trend
- Retail sales volumes in Ireland are trending approximately 4.0% higher on an annualised basis
- Consumer confidence in the Irish market remains high, despite Brexit uncertainties
- Particularly strong occupier demand from the Food & Beverage, Fashion & Footwear and Homeware sectors
- Prime retail rents remain stable
- Occupancy rates have improved in many high street locations in Ireland in the last six-month period
- More than €343 million has been invested in retail YTD - up 7% year-on-year
- Prime high street yields remain stable at 3.15% at the end of Q3 2018