Rents on Grafton St plunge 23% in past year

GRAFTON Street is still one of the top 10 most expensive shopping streets in the world despite rents plunging by almost 23% last year.

This sharp fall in rent meant it is no longer in the top five, dropping to eighth but still ahead of Sydney and Munich.

The street is still however one of the most sought-after locations in Ireland for prime retail space.