Commercial Property IFSC offices to be converted into medical facility as rising vacancies plague financial hub A lack of activity in the Dublin office sector has resulted in some buildings in the IFSC lying vacant for months
Commercial Property Sharpest dip in investment property returns in Q3 since 2010New research by JLL Ireland has shown that overall returns have dropped almost 10 per cent year-on-year
Commercial Property ‘Business as usual’ at WeWork’s Irish operation despite bankruptcy filing WeWork plans to open a fourth office space in the old Central Bank building on Dame Street in May 2024
Property WeWork files for bankruptcy with debts of almost $19bnThe US co-work space provider was once valued at $47bn but is almost worthless today
Property Analysis: Why the ceiling fell in on WeWork’s Irish plans The flexible office provider has secured space in some top developments but an expected US bankruptcy filing could close the door on its operations here
Property WeWork shares plummet amid reports it will file for bankruptcy The US co-working space provider is reportedly in discussions with creditors to improve its balance sheet and could file for bankruptcy within the next week
Commercial Property Value of Irish commercial office properties plunge to their lowest level in over a decadeNew figures from MSCI show the average value of office buildings in Ireland have fallen to their lowest level since 2013
Property Financial service sector overtakes tech in flexible office space demandFinancial services firms represent 57 per cent of flexible office space deals, while tech sector take-up is down to 30 per cent
Commercial Property Drop in demand among Big Tech drives further decline in Dublin office marketResearch from BNP Paribas shows office take-up in the capital tumbled two-thirds in Q3 from year prior
Commercial Property Commercial property investment lags €650m behind long-term average €444 million was invested in commercial property in Q3, significantly down on a ten-year average of €1.1 billion
Housing Big Read: How Dublin became ‘a city that nobody lives in’Decades of poor planning, not enough homes and too many offices have combined to make Dublin a city in dire need of housing
Property Builders making offices work as homes with conversion projects Some unused blocks in cities and major towns have already been transformed into living spaces and the trend is growing
Housing Cairn boss on Dublin hotel and office development: ‘We just built a city that nobody lives in’The developer has said that an over-concentration of hotel and office building in Dublin has created an unsustainable city
Property ‘Correction mode’: Dublin office market expected to rebound by Q2 2024HWBC Ireland is forecasting an uplift in office lettings in the first half of next year
Housing Homebuilding levels down 10% in year to June - CSO Commercial property output declined by 4 per cent in the same period
IFSC End of an era: Why the IFSC risks turning into a fossil of Ireland’s corporate historyThe area remains Ireland’s key financial centre, but its buildings are now 30 years old and not suitable for larger firms with ESG commitments
Property Dublin office vacancy rate to hit 17 per cent by end of the year Spike blamed on string of recently completed large office blocks that are without tenants as report says only 29 per cent of stock under construction has been pre-let
Property Long-term vacancy issues plaguing new office stock in Dublin - LisneyResearch shows over 34 per cent of the 231,500 sq m of new accommodation completed in 2022 still available
Companies WeWork shares collapse as firm fields ‘substantial doubt’ over its futureCo-working business cited sustained losses and cancelled memberships to its office spaces
Property AIB chief warns €50bn decline in commercial property sector likely to continueColin Hunt says bank is ‘cautious’ but ‘not worried’ by downturn because it has been conservative since re-entering the market
