Dublin fifth most expensive office location

DUBLIN has soared ahead of Zurich and Geneva to become the fifth most expensive office location in Europe. London’s West End topped the list followed by Moscow, the City of London and Paris.

The list was compiled by commercial property firm NB Real Estate and said rents in Dublin averaged €670 a square metre per annum in 2007 — a increase of 24% on 2006.

This compares to €1,025.9 per square metre in Moscow, where rents rocketed 46.2% in one year.