Office subletting hike signals occupier wariness about economy
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
Dublin’s office market has been holding up well in recent months in contrast to the weaknesses seen in the British and some European markets. Some sectors of the Irish market have, however, seen signs of occupier wariness about the impact of international economic headwinds on their space requirements.
The most obvious sign of such circumspection has been an increased supply of what is termed grey office space. This arises when companies seek to sublet space ...