Businesses favour short-term office space with no strings

The gig economy and economic uncertainty has prompted both big and small enterprises to hedge their bets, rather than committing to a long-term leases

29th April, 2018
7
Joe McGinley, chief executive, Iconic Offices and Kevin Nowlan, chief executive, Hibernia Reit

A combination of the gig economy and Brexit have led to an escalation in demand for a range of serviced offices and co-working space and has attracted major international serviced office operators to Ireland.

These operators recorded a dramatic increase in their market share in the last 15 months. Their take-up of office space soared from just 5 per cent of the Dublin office take-up last year to as much as 17 per cent in...

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