D4 office famine means renters must colonise new areas

A dramatic shortage of office space in Dublin city centre is forcing rents up, and making offices on the fringe of the city more attractive to companies.

5th October, 2014
Trinity House, between Rathmines and Ranelagh, has a rent roll of €286,000 per year and is up for sale.

A report by office specialist HWBC last month found that rents for prime grade A offices in the city centre rose by 15 per cent in the first half of the year, a trend which is increasingly pricing many renters out of the market.

HWBC managing director Jonathan Hillyer doesn’t see price pressures, which are forcing rents up to between €40 and €50 per square foot, going anywhere until at least the start of 2016.

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