Dublin office correction likely to be short-lived
The capital remains an attractive target for overseas investors, with transaction values continuing to indicate prime office yields of around 4 per cent
Coronavirus has had an impact across nearly every sector of the economy, and after eight years without a dip, 2020 was the year that Dublin office rents experienced a correction.
With companies postponing long-term letting decisions, the take-up of office space hit its lowest level since 2012, and prime headline rents fell around 10 per cent.
An incredibly strong start to 2020 came to a grinding halt with the onset of the pandemic in March, and even with...
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