MSCI Northern Ireland Commercial Property Report 2015

The MSCI-Ulster University collaboration detailing the performance of the Northern Ireland Commercial property market is now in its fifth year of production. The research has been used to promote the investment potential of Belfast/N. Ireland to an institutional investment audience with key dissemination events in hosted in London (January 2016) and in Cannes as part of the 2016 MIPIM festival (March 2016). Key highlights for the 12 months to the end of December 2015 include Commercial property in Northern Ireland posting a total return of 6.2%. The Northern Ireland market continued to exhibit strong levels of passing rent which resulted in an income return of 6.5% in 2015. This remains amongst the highest income return recorded by an MSCI-measured market and provides a competitive pricing advantage for assets in Northern Ireland. At city level, Belfast property recorded an average positive total return of 6.9% outperforming a number of key European cities including Rome, Milan and Frankfurt. The Belfast office market was amongst the top performing in Europe with a total return of 22% in 2015.