Monday November 30, 2020

IDA advising clients to avoid lease negotiations until the end of 2019

Senior vice-president says a lot of office space is about to come on stream in the capital and this will have a ‘normalising effect on rents’

Killian Woods

Business reporter

31st March, 2019
IDA Ireland senior vice-president Shane Nolan

A senior figure in IDA Ireland has revealed the state body is advising its clients to avoid lease discussions with landlords until the end of this year.

Last year, over 360,000 sq m of office space was taken up in Dublin city, with the majority snapped up by tech companies such as Facebook and Google.

Demand for commercial office space in Dublin is due to outstrip supply during 2019, according to real estate group Lisney, with...

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