Wednesday September 23, 2020

Why collapse of Google deal may not mean collapse of the office market

Several people familiar with Google’s negotiations for the Sorting Office spoke to the Business Post about why the arrangement fell through. They all made a compelling case for why it’s not time to panic just yet

13th September, 2020
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‘Googletown’: where the tech giants are based in Dublin’s Grand Canal dock. Picture: Barrow Coakley Photography

A lot of hopes were riding on the Sorting Office deal. If Google signed the lease on the Dublin Docklands building, property agents were ready to celebrate it as a timely show of confidence in the capital’s office market by a major player.

Last week, the deal fell through and there was nothing to celebrate. In fact, the narrative moved to quite an extreme. Not only was the bottom about to fall out...

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