CBRE & MD Property | Residential Rent Collection & Occupancy in Dublin - June 2020
Both rent collection and occupancy within many residential rental schemes in the Irish capital have performed exceptionally well over recent months despite the economic backdrop. Indeed, residential rent collection has been considerably stronger than in some sectors of the commercial property market.
In addition, demand for residential units to rent has remained consistently strong since the beginning of the year, it remains to be seen if this trend continues over the coming months as the Irish economy gradually emerges from lockdown. However, with supply of modern rental accommodation remaining severely constrained, the likelihood is that this trend will continue.
In an effort to review the trend over recent months, we have collaborated with residential management specialist’s MD Property to review a basket of more than 500 mid-tier residential rental units in the Dublin market - a series we will continue to monitor over the coming months.