Capital’s office market demand starts to pick up

TAKE-UP in the Dublin office market, although down 30% on a yearly basis has begun to pick up, according to estate agents CB Richard Ellis.

Figures released by the estate agents found that although take-up more than doubled in the last quarter compared with the previous quarter it is still well below the five year quarterly average.

Vacancy rates jumped in the quarter to 21%, with city centre offices posting vacancy levels at 20%.