• Office occupiers reluctant to make long-term commitments in the current climate with little urgency in getting transactions signed
  • Until restrictions are lifted & office workers begin their return to their workplaces in a meaningful way, there will be little urgency to commit to leases other than short-term commitments

  • Some softening in headline office quoting rents albeit the magnitude of decline is marginal compared to the very sharp correction that occurred following the Global Financial Crisis

  • An even greater proportion of retail spending in the run up to Christmas will occur online this year. This in turn, is fuelling occupier demand for logistics properties, with rents in this sector increasing of late

  • When new letting evidence emerges, prime headline retail rents likely to be between 10% and 20% below the Zone A rental values that prevailed at the beginning of 2020

  • Sales processes have become more elongated & decision-making is taking longer, meaning that many of the investments launched for sale during the Autumn season are unlikely to complete until early 2021

  • The multifamily sector is likely to be the most dominant investment sector in the Irish market in 2020

  • A number of high-profile nursing home consolidation transactions currently underway, some of which may complete before year-end

  • Greater activity and engagement in the hotel sector in recent months, which will generate transactional activity in due course

  • 2021 will be all about rebuilding & reigniting the market following what has been a very challenging and unprecedented year