• The retail sector of the Irish economy continues to perform solidly despite some undertones of negativity
  • Consumer sentiment is positive and boosted by job creation, rising house prices and increasing wages
  • The volume of retail sales activity & footfall continues to fluctuate on a monthly basis, affected by issues such as bad weather, although the overall trend is upwards
  • Some sectors of retail performing better than others with an increase in housebuilding boosting demand for DIY, electrical and furniture & lighting
  • Retailer demand remains strong for the better performing schemes and high streets, with particularly strong demand from Food & Beverage retailers
  • UK retailers remaining reticent to roll out new stores until there is more certainty around Brexit
  • Some provincial high streets have recorded an improvement in occupancy in the last six months, which is encouraging
  • Sligo continues to have the highest vacancy of the high street locations surveyed by CBRE
  • More than 80% of retailers on Dublin’s high streets offer an online facility but only 38% offer ‘click & collect’ facilities
  • High street and shopping centre yields remain stable
  • Prime retail rents expected to increase over the course of the next 6 months
  • Retail sector achieved total return of 1.9% in Q1 2018 according to the latest MSCI Irish Index