Year in review: Office market in recovery while logistics takes off
This has been a bumper period for the sector, with prime rents rising by around 5 per cent, though elsewhere things remain uncertain
It has been a year of extremes for the Dublin office market. Take-up collapsed in Q1 and, although activity has recovered, the long-term impact of remote working on business space requirements remains uncertain.
Sections of the industry have been quite defensive about this, insisting that working life will return to normal after Covid-19. They do not know this, nor do I. But I am sanguine; the ultimate question is whether remote working will decrease the ...