Irish Retail Market 2025

– The retail sector is frequently underappreciated by policymakers as a significant contributor to both national employment and economic output.

– The VAT rate in Ireland applicable to restaurant services, currently at 13.5%, is higher than in Spain (10%), France (10%) and the Netherlands (9%).

– CBRE is urging the government to honour its pre-election commitment to reduce VAT for food-led hospitality businesses.

– Multiple economic metrics that gauge consumer spending power in Ireland are currently at or approaching record highs.

– There have been several high-profile F&B leasing deals this year, including Gloria by Big Mamma, Mowgli, The Ivy Asia and Mark Moriarty Studio, with more anticipated. 

– Recent CSO migration data shows Ireland’s population increased by 78,300 in the year to April 2025, reaching 5.46 million - a 57% rise since 1990. This growth is fuelling demand for grocery services.

– Retail parks remain the most in-demand retail format, yet no new standalone parks have been delivered in recent years.

– CBRE is calling on planners and policymakers to address this gap, especially as housing delivery accelerates in regional areas.