Turnover in the Irish commercial investment property sector reached £287m (€336m) in the first quarter of 2013.

The revenue was generated from 21 transactions of assets valued at over £1m, CBRE has calculated.

The figure compares with £466m (€545m) invested in Irish commercial real estate in the whole of 2012.

Prime office yields in Dublin are now in the order of 6.5%. Prime high street retail properties are yielding around 5.75%.

Caroline McCarthy, executive director and head of the capital markets team at CBRE Ireland, said: "A number of the assets that signed during Q1 were brought to the market several months ago, so at this juncture, we need to see more prime assets being released for sale to satisfy current demand."