The cost of building commercial property is rising but at lower levels than before the pandemic.

The latest Tender Price Index from Chartered Surveyors Ireland shows an inflation rate of 2.2 percent last year, significantly lower than the figure from 2019.

It's the only independent assessment of the cost of building commercial properties in Ireland.

Connacht-Ulster saw the biggest rise at 2.1 percent while Leinster excluding Dublin saw the lowest at 0.5 percent.

The rate for Dublin and Munster was 1.5 percent and 1.1 percent respectively.

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