The retail market in Cork has shown significant improvement since the challenges of 2020. During the height of the pandemic, vacancy rates in the city centre rose sharply, driven by the effects of COVID-19 and changing market dynamics that shifted negotiating power from landlords to tenants. Today, occupancy on Patrick Street has increased notably, climbing from 69% in 2020 to nearly 75% as we approach 2025. Patrick Street has welcomed an impressive roster of new retailers since 2021, including The North Face, Dune Shoes, Carolls Gifts, Flannels, JD Sports, Mango, Krispy Kreme, and more recently Austen & Blake and Lovisa. Due to open in early 2025 is Seasalt in the former French Connection building and a new US retailer is set to open in the former Dorothy Perkins/Evans unit in the summer of 2025. We also understand a Spanish brand is reportedly taking a significant 40,000 square feet in a former Debenhams store, which will see the occupancy rate go from 75% to almost 95%, which indicates the importance of having this anchor store occupied, in the city’s prime retail street. Opera Lane now has full occupancy first time since Q4 2019, with Victoria’s Secret, Bath & Body Works opening last week and Mountain Warehouse due to open early 2025. Critics may claim that city centre retail is in decline, but the evidence suggests otherwise. The variety and number of new entrants has been highly encouraging, with further inquiries from national and international retailers keen to establish a foothold in the city. However, Cork faces some suitability challenges: many existing buildings don't meet retailer’s requirements. As with any historical city, traditional stores are inherently too small for today's retailers. The shift toward larger retail spaces is driven by the need to provide engaging, experiential environments that attract and retain customers. Brands aim to deliver unique in-store experiences that reflect their identity and values, often requiring more extensive floor space than traditional Cork city centre retail units offer. This evolution in retail strategy highlights the importance of developing adaptable retail spaces in Cork that can meet the changing needs of both brands and consumers, ensuring the city remains competitive in attracting leading international retailers. The city’s most prominent vacancy—the former Debenhams site—remains the key question. While there are indications that it is under offer, all of Cork is watching closely, hoping for decisive action in 2025. The successful redevelopment of such a key site could serve as a catalyst for further growth. The redevelopment of the Penneys store on Patrick Street will also provide a much-needed boost to the area, particularly to the adjacent Cook Street, which has experienced stagnation due to delays in the planning process. The retail market in Cork has evolved into a tenant-friendly environment, with flexibility playing a key role in lease negotiations. Typical leases now range from five to ten years, often with break clauses at years three and six. Turnover-based rent structures are also gaining traction, allowing retailers to mitigate risk. These arrangements provide a base rent with a performance-based top-up, ensuring landlords benefit when retailers thrive while offering protection during challenging times. This model is particularly attractive to risk-averse tenants, though established brands with greater market confidence may still prefer traditional fixed rents. Landlords are adapting to this but it not without its challenges for funding and investment sales. To enhance the vibrancy of Cork’s retail landscape, it would be great to see more of an eclectic retail mix to include boutiques, vintage stores, and alternative outlets would be welcome additions. Although this is challenging for small businesses as they face significant set up costs such as shopfitting costs, rates, utilities, and staffing challenges. The reality is that some of the vacant stock is not suitable to be let without significant investment. This ultimately lies with the landlord, but it would be good to see further collaboration with the City Council with some renovation grant or painting grant or a reduction in commercial rates. Despite these challenges, Cork’s retail market remains a source of optimism. While issues like antisocial behaviour have disappointed many, it’s essential to remember that we, as stakeholders in our city, have the power to shape its future. Substantial efforts have been made to improve the city’s retail offerings — a process that requires patience to yield results. With positive momentum now underway, it is crucial to maintain and build upon this progress. The retail market, much like fashion, operates in cycles, and Cork is clearly emerging from a low point and entering a period of growth. Our city offers a vibrant and diverse retail experience tailored to a wide range of preferences. Shopping here is more than just a transaction — it’s an opportunity to turn everyday tasks into enjoyable social outings, thanks to the combination of unique stores and exceptional dining options. A key advantage of in-store shopping is instant gratification: customers can see, touch, and immediately take home their purchases, a distinct benefit over online alternatives. The ability to try and test products in person — especially for clothing, beauty items, and high-value goods — not only adds value but also builds confidence in purchasing decisions. Sustainability is another draw, with reduced packaging and the chance to support local businesses appealing to eco-conscious consumers. This focus aligns with a growing desire for responsible shopping practices, making the city a compelling choice for shoppers. By blending experiential, practical, and sustainable elements, our city continues to attract a dynamic and expanding demographic. Cork’s long-term prospects are encouraging. As Europe’s fastest-growing city over the next two decades, its population in the metropolitan area is expected to nearly triple, reaching close to one million by 2050. This growth is likely to increase retail demand, offering opportunities for investors to tap into a thriving market. One of the key pieces of the puzzle for our city’s success, which I have not addressed in this article, is the challenges facing the food and beverage industry. This topic merits a dedicated discussion, which will be explored in detail with Irish Examiner readers, in early 2025. Lia Dennehy is an Associate, Commercial Agency, Savills, CorkThis year’s electoral rhetoric exposed the deep fissures in our body politic, leaving many feeling disillusioned and even fractured. In this moment of potential discord, people of faith have a profound opportunity to model a different path forward — one anchored in the timeless principles of civility, justice and a fierce commitment to our nation’s highest ideals. In all their glorious diversity, many religious traditions share a common bedrock: the inherent worth and dignity of every human being, created in the image of the Divine. This sacred truth must be the north star guiding interactions, especially with those we disagree with. Civility isn’t about avoiding the tough conversations or pretending our differences don’t exist. It’s about engaging in those conversations with respect, empathy, and an open heart and mind. It’s about recognizing that our political opponents aren’t our enemies but fellow travelers on this Earth, deserving of our compassion and understanding. But make no mistake, my friends, civility is only the first step. Justice is the backbone of any truly moral society and demands our unwavering commitment. The Hebrew prophets railed against injustice, Jesus lifted the marginalized and Muhammad taught that true belief compels us to desire for others what we want for ourselves. These aren’t dusty relics of the past; they’re a blazing call to action in the present. In a post-election America where many feel their voices have been silenced or their rights threatened, people of faith ought to model righteousness. People of faith are expected to advocate for policies that promote equity, accessibility and the common good. An imperative of major faith expressions is to stand in solidarity with the vulnerable, poor and estranged. Remember that justice isn’t a zero-sum game, where one person’s gain requires another’s loss — and creating a world where all can flourish, as the prophets envisioned. Yet justice, even paired with civility, still needs a shared commitment to the nation’s social contract. A contract, enshrined in our founding documents, is a sacred trust between generations — an agreement to uphold the principles of liberty, democracy and the rule of law. It is the glue that binds us together as one people, “E pluribus unum,” even as we celebrate our differences. In the aftermath of an election, this contract is tested. It is easy to feel tempted to retreat into our respective corners and question the legitimacy of those who disagree with us. However, people of faith are bound by different ethics. Accountable to a higher call and standard. A model committed to upholding the social contract, even when it’s hard. We must engage in the political process with integrity and respect the outcomes even as we continue to advocate for our values. We are reminding ourselves and others that a single election doesn’t define our national identity but our enduring ideals. That is why all are invited to pray. Pray for the grace of civility. Pray for the courage to pursue justice for the vulnerable and champion the marginalized. Pray that we may remain one people united by our shared commitment to liberty, democracy and the rule of law. In the aftermath of this election, let us not be a force for further division but a balm to the nation’s wounds. For in doing so, we may help bring about the beloved community that has always been America’s promise — a community where all can thrive, where justice rolls down like a mighty stream, and where every person, regardless of their beliefs or background, is treated with the dignity and respect they deserve as children of God.
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A new study warns that Chinese missile strikes could severely impact U.S. military operations in the Indo-Pacific by targeting airfields. The report suggests that American investment is needed in affordable, uncrewed aircraft and infrastructure repairs to counter these potential threats. Researchers focus on the vulnerability of U.S. bases within the first island chain, which stretches from Indonesia to Japan. These bases are at risk from Chinese missiles aimed at disabling runways, possibly incapacitating Japanese airfields for nearly 12 days and others, like those in Guam, for almost two days. The report, 'Cratering Effects: Chinese Missile Threats to US Air Bases in the Indo-Pacific,' advocates for diverse strategic measures including electronic warfare and alliances with friendly nations. Such steps would grant the U.S. military more flexible operational options, as highlighted in ongoing efforts like the Pacific Deterrence Initiative and RADR program. (With inputs from agencies.)By TRÂN NGUYỄN SACRAMENTO, Calif. (AP) — California, home to some of the largest technology companies in the world, would be the first U.S. state to require mental health warning labels on social media sites if lawmakers pass a bill introduced Monday. The legislation sponsored by state Attorney General Rob Bonta is necessary to bolster safety for children online, supporters say, but industry officials vow to fight the measure and others like it under the First Amendment. Warning labels for social media gained swift bipartisan support from dozens of attorneys general, including Bonta, after U.S. Surgeon General Vivek Murthy called on Congress to establish the requirements earlier this year, saying social media is a contributing factor in the mental health crisis among young people. “These companies know the harmful impact their products can have on our children, and they refuse to take meaningful steps to make them safer,” Bonta said at a news conference Monday. “Time is up. It’s time we stepped in and demanded change.” State officials haven’t provided details on the bill, but Bonta said the warning labels could pop up once weekly. Up to 95% of youth ages 13 to 17 say they use a social media platform, and more than a third say that they use social media “almost constantly,” according to 2022 data from the Pew Research Center. Parents’ concerns prompted Australia to pass the world’s first law banning social media for children under 16 in November. “The promise of social media, although real, has turned into a situation where they’re turning our children’s attention into a commodity,” Assemblymember Rebecca Bauer-Kahan, who authored the California bill, said Monday. “The attention economy is using our children and their well-being to make money for these California companies.” Lawmakers instead should focus on online safety education and mental health resources, not warning label bills that are “constitutionally unsound,” said Todd O’Boyle, a vice president of the tech industry policy group Chamber of Progress. “We strongly suspect that the courts will set them aside as compelled speech,” O’Boyle told The Associated Press. Victoria Hinks’ 16-year-old daughter, Alexandra, died by suicide four months ago after being “led down dark rabbit holes” on social media that glamorized eating disorders and self-harm. Hinks said the labels would help protect children from companies that turn a blind eye to the harm caused to children’s mental health when they become addicted to social media platforms. “There’s not a bone in my body that doubts social media played a role in leading her to that final, irreversible decision,” Hinks said. “This could be your story.” Related Articles National News | Biden creates Native American boarding school national monument to mark era of forced assimilation National News | How should the opioid settlements be spent? Those hit hardest often don’t have a say National News | ‘Polarization’ is Merriam-Webster’s 2024 word of the year National News | Supreme Court rejects appeal challenging Hawaii gun licensing requirements under Second Amendment National News | Supreme Court rejects appeal from Boston parents over race bias in elite high school admissions Common Sense Media, a sponsor of the bill, said it plans to lobby for similar proposals in other states. California in the past decade has positioned itself as a leader in regulating and fighting the tech industry to bolster online safety for children. The state was the first in 2022 to bar online platforms from using users’ personal information in ways that could harm children. It was one of the states that sued Meta in 2023 and TikTok in October for deliberately designing addictive features that keep kids hooked on their platforms. Gov. Gavin Newsom, a Democrat, also signed several bills in September to help curb the effects of social media on children, including one to prohibit social media platforms from knowingly providing addictive feeds to children without parental consent and one to limit or ban students from using smartphones on school campus. Federal lawmakers have held hearings on child online safety and legislation is in the works to force companies to take reasonable steps to prevent harm. The legislation has the support of X owner Elon Musk and the President-elect’s son, Donald Trump Jr . Still, the last federal law aimed at protecting children online was enacted in 1998, six years before Facebook’s founding.
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