Demand outstrips supply of retail space, according to Savills Ireland report
The Irish retail property market has continued its strong trajectory throughout 2025, performing across all sectors and firmly re-establishing itself as one of Europe’s most resilient retail environments, according to Darragh Cronin of Savills Ireland, in a commentary on the sector’s 2025 performance. “Demand is outstripping supply on almost every front, resulting in sustained rental growth and competitive bidding for prime opportunities. What is becoming increasingly clear is that the fundamentals of Irish retail are not only stable but outperforming many comparable European markets,” he adds.High street performance has been particularly robust, with rental growth holding steady and vacancy levels tightening. Grafton Street continues to attract exceptional interest from international brands, many of whom view Dublin as a gateway to Europe rather than an add-on to a UK expansion strategy. He cites Alo Yoga which secured a flagship Grafton Street store before opening a physical presence in the UK.“Retail parks and food and beverage operators are experiencing some of the strongest rental growth in the sector. Double digit increases have been recorded in many locations, driven by an influx of new entrants and a lack of available stock,” he adds.
Comments (0)