Pace of commercial property returns slow in Q2, but still up 1.9%

JLL index finds overall values increased by 92% since 2013, but still behind 2007 peak

John Moran of JLL: cited steady sustainable returns across all property sectors

John Moran of JLL: cited steady sustainable returns across all property sectors

 

The JLL Irish Property Index has shown increased returns of 1.9 per cent from the commercial property investment market in the three months up to the end of June, and a growth of 10.2 per cent over the past 12 months.

Though the pace slowed in the second quarter, the portfolio still exhibited sustainable growth rates across all market sectors. Capital values grew by 0.7 per cent in the quarter and by 5 per cent in the past year. For the second quarter in a row, capital value growth has been led by the industrial market: growth reached 0.8 per cent in the three months up to the end of June.

The index also shows that overall values increased by 92.4 per cent since the trough in the market in 2013 but still remains 36.8 per cent below the 2007 peak. According to JLL, while the overall income increased by 0.6 per cent in the past three months, growth was held back by some vacancies within the portfolio.

Chief executive John Moran said that though the rate of growth had slowed down, the performance in Q2 still showed steady sustainable returns across all sectors. Performing particularly well this quarter was the industrial sector, where capital values rose by 0.8 per cent in the three months and by 4.4 per cent over the year.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
GO BACK
Error Image
The account details entered are not currently associated with an Irish Times subscription. Please subscribe to sign in to comment.
Comment Sign In

Forgot password?
The Irish Times Logo
Thank you
You should receive instructions for resetting your password. When you have reset your password, you can Sign In.
The Irish Times Logo
Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.
Screen Name Selection

Hello

Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
Forgot Password
Please enter your email address so we can send you a link to reset your password.

Sign In

Your Comments
We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Standards. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or by filling out this form. New comments are only accepted for 3 days from the date of publication.