Firms holding off on growth, relocation plans

BUSINESSES are putting expansion and relocation plans on hold until the economic downturn passes.

A report on the European office market by CB Richard Ellis (CBRE) found activity in the Dublin office market has remained relatively robust in the first half of the year.

But it does note that take-up in the second half of the year will be weaker as a result of potential office occupiers starting to put future expansion and relocation decisions on hold until such time as economic prospects are clearer.