The investment market has seen a notable increase in transaction volumes. According to our research, a total of £237m was invested in 11 separate investment transactions in Northern Ireland during Q3.
Interest in the Belfast office market remains strong and we are expecting a busy final quarter to the year. Take-up in the last quarter comprised a mix of local companies and FDI companies who have moved out of serviced accommodation into the traditional market.
The retail market is performing well across Northern Ireland, particularly in Belfast and border locations such as Newry, with vacancy levels continuing to fall.
The hotel sector in Northern Ireland remains buoyant and bullish. Belfast has experienced the strongest growth in terms of occupancy, Average Daily Rate (ADR) and Revenues per Available Room (RevPAR) YTD July 2017, across 22 of the UK’s leading cities.