Sunday March 29, 2020

Fears of office market bubble unfounded

Normal market conditions are emerging after three years of recovery

20th November, 2016
A computer-generated image of the redeveloped Cumberland House in Dublin 2

Recent claims that the Irish office market was facing a bubble appear to be dashed by trends in both the property and stock markets.

Share prices for the two Irish Reits – Green and Hibernia – had fallen to close to their 12-month lows by the start of last week. Moreover, the IPD index for commercial property signalled that the market was cooling and Irish estate agents are signalling that prime office rents are expected...

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