Thinking outside the box

Businesses facing the prospect of paying more commercial rent could consider the more flexible option of investing in self-storage, writes Jude O’Meara

The self-storage option is a more cost-effective approach

Commercial property rents in Dublin are at an all-time high, and this is causing major headaches for business owners who require more office space to expand their operations. Many are caught in a real catch-22 situation – they want to grow, but can’t afford to pay some of the highest commercial rental rates in Europe.

A recent commercial property survey conducted by the Society of Chartered Surveyors shows that prime office rents in ...