Led by Matt Lenzie, ex-Lloyds Bank and Bank of Scotland, we arrange commercial mortgages, bridging finance, and development finance for property professionals across Belfast and Northern Ireland.
Belfast stands out with above-average yields of 7.5% and strong 5-year price growth of 28.5%, making it one of the UK's most attractive commercial property markets for investors.
Direct relationships with executives and board members of the UK's leading lenders
Former Lloyds Bank and Bank of Scotland professionals who understand lender criteria inside-out
Direct relationships with lender decision-makers for faster approvals and better terms
Proven success arranging complex commercial property finance across the UK
“Transformed economy with major tech sector growth. Titanic Quarter established as destination. Strong yield premium with growth potential.”
— CMB Market Analysis
Titanic Quarter; Belfast Waterside; Weavers Cross; York Street Interchange
| Property Type | Prime / Grade A | Secondary | Market Range |
|---|---|---|---|
| Office | £41 psf | £15 psf | £15 - £41 psf |
| Retail / Shop | £94 psf | £29 psf | £29 - £94 psf |
| Industrial | £8 psf | £5 psf | £5 - £8 psf |
Market estimates based on Q1 2026 regional benchmarking data. For accurate valuations, contact us for a detailed assessment.
Indicative gross yields. Actual returns depend on property condition, lease terms, and tenant covenant strength.
The Belfast market shows positive momentum with yields compressing slightly against regional averages.
Waterfront Regeneration
Traditional CBD
Creative District
Major Retail
Industrial
Representative transactions reflecting current market activity. Prices are guide values based on comparable evidence.
Open-plan office suite with parking, Titanic Quarter
Ground floor shop with A1 use, Dublin Road
Self-contained industrial premises, Titanic Quarter
15-unit converted residential building, Queen's Quarter
51-bed care home, recently refurbished, Queen's Quarter
Shop with maisonette above, town centre
Former commercial premises with PP for conversion, Dublin Road
Market estimates based on Q1 2026 regional benchmarking. For accurate valuations, contact us.
2 institutions · 50,000 students
Northern Ireland operates different HMO system
NI legal system different from rest of UK. Holyland area notorious for HMO issues. Queen's Quarter more regulated. Two major universities drive demand.
Founder & Principal Broker
With a career spanning Lloyds Bank, Bank of Scotland, and a partnership in a corporate finance business, Matt brings institutional-grade expertise to every deal in Belfast. Currently a board advisor to a pension administrator and trustee with £3.9bn of assets under advisory, Matt has raised over £300m of capital for property professionals across the UK.
View Full ProfileTitanic Quarter, Waterside, and city centre sites offer significant opportunities.
Good appetite from specialist lenders. Development finance available for quality schemes.
Broker Notes
NI capital with growing tech sector. Titanic Quarter transformed waterfront. Major employers include Citi, PwC, Deloitte. Cathedral Quarter creative hub. Different legal system - NI-specialist lenders often required. Two universities create student demand.
Our team has relationships with Northern Ireland lenders and understands the unique market dynamics.
Belfast is Northern Ireland's capital with a transformed economy and significant regeneration since the peace process. The commercial property market benefits from strong demand across Technology, Financial Services, Healthcare sectors, creating diverse occupier interest and reducing single-sector risk. With average yields of 7.5% and 28.5% price growth over five years, Belfast offers compelling returns for commercial property investors. Excellent connectivity via Belfast Central mainline supports tenant demand and underpins long-term property values. Ongoing regeneration activity, including Titanic Quarter, further enhances the investment outlook and signals sustained public and private sector confidence.
Unique legal and regulatory framework compared to the rest of the UK. Market liquidity can be lower for larger assets, requiring specialist lender knowledge and patient capital approaches.
Belfast's commercial property landscape has been shaped by Titanic Quarter. Growth in the Technology sector has driven notable investment activity, with occupier demand supporting new development and refurbishment projects across the area.
Planning applications in Belfast are managed by Northern Ireland council, which has adopted a pro-growth stance supporting commercial and mixed-use development. Local plan policies favour brownfield regeneration and town centre investment, with a streamlined approach to permitted development rights for office-to-residential conversions.
Commercial property news for Belfast will appear here once available. Check back soon for the latest market updates.
We provide commercial mortgages, bridging finance, and development finance throughout Northern Ireland.
Commercial mortgage services available across Belfast and surrounding areas. View larger map
Office rents in Belfast range from approximately £15 per square foot for secondary space up to £41 per square foot for Grade A accommodation. Grade B office space, which represents the bulk of the market, typically commands around £18 per square foot. These figures are based on Q1 2026 regional market benchmarking.
Investment yields in Belfast vary by property type and grade. Current indicative yields are: offices at 5.95%-6.93%, retail at 6.01%-7.82%, industrial at 4.8%-5.55%, residential single-let at 5.89%, HMOs at 9.24%. Prime yields are typically lower, reflecting stronger covenant strength and location quality. Contact us for a detailed yield analysis for your target property type.
Belfast's commercial property market includes offices, retail units, industrial premises, residential investment blocks, care homes. We arrange finance across all commercial property types, from standard office and retail purchases to specialist assets requiring tailored lending solutions.
Residential investment blocks in Belfast typically trade at around £135,860 per unit, or approximately £368 per square foot. Blocks of 4-24 units are the most common size bracket for private investors. Yields for single-let apartments average 5.89%, with HMO conversions achieving up to 9.24%. We can arrange commercial mortgages for blocks of 4+ units through specialist BTL lenders.
HMO investments in Belfast can achieve yields of approximately 9.24%, compared to 5.89% for standard single-let properties. With 2 higher education institutions and approximately 50k students, Belfast has strong HMO demand. Note that HMO licensing requirements vary by local authority -- check Article 4 directions before purchasing.
Care homes in Belfast typically trade at around £69,840 per registered bed. A typical 58-bed home would therefore be valued between £1.4m and £4.2m. Care home financing is specialist in nature and we work with lenders who understand the operational and regulatory requirements of the sector.