Businesses favour short-term office space with no strings

Businesses favour short-term office space with no strings View Gallery
Joe McGinley, chief executive, Iconic Offices and Kevin Nowlan, chief executive, Hibernia Reit

The gig economy and economic uncertainty has prompted both big and small enterprises to hedge their bets, rather than committing to a long-term leases

A combination of the gig economy and Brexit have led to an escalation in demand for a range of serviced offices and co-working space and has attracted major international serviced office operators to Ireland.

These operators recorded a dramatic increase in their market share in the last 15 months. Their take-up of office space soared from just 5 per cent of the Dublin office take-up last year to as much as 17 per cent in...

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