For a full copy of this report, please contact
Joan.Henry@ie.knightfrank.com
or Robert.OConnor@ie.knightfrank.com
- A total of €2.4bn was invested in Irish commercial real estate, on par with the total invested in 2024. There have however been some clear changes in the distribution of investor spend with offices and retail attracting 28% individually, compared to 2024 when retail spend dominated.
- Prime office transaction levels, which improved in 2025, will accelerate in 2026. A number of lot sizes in excess of €100m are expected to come to the market in 2026, the first of these is One Molesworth St., Dublin 2, guiding €110m.
- Living sector transactions are expected to increase in 2026, driven by positive investor sentiment across Europe and globally and by domestic regulatory changes.
- Industrial and Logistics transactions equated to 10% of spend, but this sector is expected to see a marked increase in share in 2026 (to potentially 25%+) with in excess of €700m of assets currently under offer.
- Overall Knight Frank expect that investment volumes will be in excess of 30% stronger in 2026 compared to 2025. 87% of global real estate investors expect to be net buyers in 2026*, with offices expected to be the most targeted sector (69%), followed by the Living Sectors (65%) and then Industrial & Logistics (63%). Ireland will mirror these trends, but the order of investor spend by asset type may vary, depending on the scale of lot sizes that will transact throughout the year.
Joan Henry, Chief Economist & Director, Research, Knight Frank Ireland
**knightfrank.co.uk/research/reports/active-capital