• The volume of retail sales in the Irish market increased by 0.7% (excluding motor trades) in the month of August, with an annual increase of 4.7%
  • After reaching a 17-month high of 105.1 in July, Irish consumer sentiment dropped slightly in August to 102.9, according to the KBC Bank/ESRI Consumer Sentiment Index but rose again in September to 105.8
  • Irish disposable income has increased in recent months with average weekly earnings up 2.2% y-o-y
  • The sale of furniture and lighting has increased by a considerable 15.0% year-on-year; household equipment has increased by 11.5% and textiles, clothing and footwear by 9.4%
  • Retail occupier demand for accommodation remains strong particularly from occupiers in the Health & Beauty, Leisure and Food & Beverage sectors
  • Prime Zone A rents on Dublin’s Grafton Street remain stable at €6,300 per square metre while Henry Street prime rents are holding steady at €4,500 per square metre per annum
  • Occupancy rates have generally improved in high street locations in Ireland surveyed in the last six-month period
  • €321 million invested in retail in the first nine months of 2017
  • Investors are still very bullish on prime high street assets, resulting in a 10 basis point drop in the yield to 3.15%