Friday 23 February 2018

Sharp fall for Dublin office occupancy costs

Dublin offices have seen one of the sharpest falls in occupancy costs in the world. However, they are still among the top 30 most expensive locations for corporates looking for offices.

Over the 12 months to the end of September Dublin office occupancy costs, including rents, fell 12.4pc which is the sixteenth sharpest office cost fall in the world.

Edmonton, Canada saw the sharpest fall -- down 19.4pc.

Tokyo's outer central district recorded a 14.9pc fall.

According to the survey by CB Richard Ellis, Belfast occupancy costs fell 6.7pc to Stg£12.50 per sq ft which ranks the Ulster capital as 32 in the league of sharpest falls.

In dollar terms, Dublin is now ranked twenty-seventh most expensive at a cost of $66.35 per sq ft per annum or an annual average cost of €376 per sqm. This is more expensive than Birmingham, Rome, Toronto, Sydney and Brussels.

Irish Independent

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