Sherry FitzGerald in Cork office sub-let bid
DTZ Sherry FitzGerald is seeking to sub- let part of their offices in the prime Cork city centre location Lapps Quay (right) opposite the Clarion Hotel. While not quoting a rent, it is expected that the 492sqm corner unit could achieve an annual rent in the €160,000 to €200,000 range.
Peter O'Flynn of DTZ says that given its high profile location, the premises could suit banking, showroom or corporate headquarter uses.
It's close to a range of local businesses including Deloitte, Ernst & Young, Permanent TSB Bank, Cork City Council, Bord Gáis, Port of Cork, 'Irish Examiner' and Goodbody Stockbrokers.
Fully fitted, the unit has an open plan configuration with private offices and meeting rooms.
Cork director Frank Ryan says that following office rent reductions there was demand from overseas IT companies for Cork city centre offices and he expects that as much as 50,000 sq ft could be let in the 12 months to June next.