One in five Dublin office buildings are now vacant

The conditions in the office market continue to be difficult , but despite this, comfort can be taken from the fact that there is a reasonable level of activity, with occupiers committing to leases and an increase in new enquiries coming from outside

18th July, 2009

The conditions in the office market continue to be difficult , but despite this, comfort can be taken from the fact that there is a reasonable level of activity, with occupiers committing to leases and an increase in new enquiries coming from outside Ireland.

However, the vacancy rate for Dublin now stands just over 20 per cent, or almost 677,624 square metres of space. This means that one in every five buildings is empty, which is startling.

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