Commercial Property

Outlook for commercial office sector increasingly optimistic

With employees expected to spend more time in the office, the tide may be about to turn for the embattled market

The serviced office market has enjoyed increased year-on-year growth for the past three years

“When one door closes, another opens,” might be a well-worn adage, but it is one that holds bitingly true for the commercial office sector, which has taken a bashing in the past two years. The outlook for 2024, however, is increasingly optimistic.

Take, for example, Savills Ireland’s Dublin office market outlook for the year, which reports that office-based employment is continuing to rise, with employees expected to spend more time in the office.

“Anecdotally, the ...