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

14th February, 2021
Dublin office correction likely to be short-lived
Amazon’s leasing of 2 Burlington Plaza, at 7,000 square metres, was the largest letting in the city centre to occur during the pandemic

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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