Dublin rents three times higher than in Belfast

PRIME office rents in Dublin are almost three times more expensive than Belfast.

A report on the property sector in Northern Ireland also found that trading conditions for retailers in the North are very challenging despite a boost from cross-border shopping.

Property consultants, CB Richard Ellis (CBRE) said prime office rents in Belfast now stand at £150 (€171) per square metre with further downward pressure likely considering the amount of new office accommodation planned in the region.