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.
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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