Pandemic-related delays in office delivery and office requirement changes will lead to a complicated office lettings and sub-lettings market in 2023

Savills reports an increase in shadow office space coming to the market, driven by post-pandemic changes in company working policies and negative economic factors, especially in the tech sector

Some sectors of the market are witnessing an increased supply of grey office space due to factors like redundancies and more people working from home

High employment levels and tax take here have softened the blow of international shocks, while demand remains strongest for sustainable space near good transport infrastructure

Caution is set to prevail as the economy adjusts to global challenges, but Ireland remains well positioned to leverage the success of key global growth sectors and productivity gains over the last decade