Commercial Property
Colm Lauder: Office rents are holding up, are they detached from reality?
The market for old and new office spaces is becoming increasingly polarised, and investors should take note why
Office markets in most major Western cities are somewhat of an anomaly at the moment.
Investor, and commentator, views are highly polarised, with many seeing the sector as increasingly obsolete in the era of the hybrid workplace, and consequently, vacancy rates for many markets, including Dublin, are elevated above long-term norms.
Despite these higher-than-normal levels of vacancy (including record levels in many North American cities) rents have continued to hold up, and even grow over ...
