Low rents and versatile leases fuelling demand for retail space

In contrast, it shows that the market remains grueling.Since customer spending peak in january 2008, the money taken in by retailers at the tills is down more than 28pc with the quantity of stock sold down more than 22pc.

In past times year, the areas most affected are shops(Sound 5.6pc and number 4.5pc), Clothing UK and materials(Amount 2.7pc and really worth 2.4pc), And outdoor furnishings and lighting(Loudness 6.6pc and equity 10.2pc).

Ireland continued to dampen Self-Self-Assurance. "Cautious consumers and reduced spending caused further coalescence, contains aoife brennan, lisney's hunt head.

Demand is most robust among overseas fashion, discount and building operators who see the value available when seeking new leases.Outlets on both grafton and henry st have pulled in offers.

Among the stores seeking grafton st outlets are thomas sabo,

Strawberry republic, as well as the sketchers.However, lisney's retail shutter count shows six units unoccupied and leases for occupied units are around for assignment or sub let.

Burberry Bags UK Henry street arguably offers less expensive.This is reflected in rents can certainly be, normally, 30pc cheaper and the larger floor sizes of its shops are preferred by unusual retailers.

These better trading the weather is also reflected in the full Cheap Burberry occupancy with only three shops available by way of assignment or sub letting.

This contrasts with almost every other shopping precincts in the capital which have seen increased vacancies in q1.Blanchardstown grocery centre, with 11 empty units, is the largest of the top eight precincts surveyed and liffey valley is next with six.The pavilions in swords has rock bottom vacancy rates with only one unit vacant.

Ms brennan points out that leading suburban shopping centres continued to draw in retailers in q1.

Dundrum town centre secured beauty product retailer keihls and jeweller pandora who are paying annual rents of about 130, 000 exclusive and services information charge and rates for two 43sqm stores.Caf du lart took the first kind chinese buffet king unit, a 465sqm small business on a long lease at a reported rent of 200, 000 pennsylvania.

Boots has Burberry Shoes brought a 2, 050sqm store in blanchardstown town centre on a long lease susceptible to a reported rent of 1.3m pa excellent of rates and service charge.Also at the center, compu b has taken a new lease of the previous 130sqm monsoon store at a reported rent of 165, 000 pennsylvania.

Away retail parks have also seen rising activity.

Sites such as dfs, homestore + a great deal, easy living and maxi zoo are seeking occasions, mainly in the harder dublin area.Landlords have had to adopt a much more hands on approach with regards to the asset management of these parks.

In blanchardstown list park, dfs has taken a new lease on the first sort curry's unit.The holiday overnight hotel, which extends to roughly speaking 1, 950sqm, was let on a long term lease subject to a rent reportedly more than 400, 000 pennsylvania.

Ms brennan says the on-Going level of retailer enquiries is encouraging. "We expect a further increase in the amount of transactions over the coming months.This will be specially the case in dublin city centre.Nevertheless, we expect the market to remain confusing, mainly for those seeking to dispose of pre february 2010 leases,
 

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