The private rented sector (PRS) market accounted for the largest portion of funds being invested in the commercial property sector in Q1.
“That’s one of the key findings of the latest report on the sector from agent Hooke & MacDonald. According to its analysis, some 51 per cent or €240 million of investment in the first three months of 2023 went into the PRS or multi-family market. To put that figure in perspective, it was more than double the €116 million (24.5 per cent) that was deployed in the industrial and logistics sector; nearly three times the €85 million (18 per cent) spent on office investments, and more than 13 times the amount spent on retail assets.”
Full report available in the Irish Times article below:
https://www.irishtimes.com/property/commercial-property/2023/06/14/investors-in-dublins-private-rented-sector-more-selective-as-inflation-and-rising-interest-rates-bite/
