Dublin office rents still among highest in Europe

OFFICE rents have plunged in Dublin but Ireland’s capital is still among the top 10 most expensive locations in Europe.

Despite the drop in rents the office vacancy rate in Dublin was the highest in Europe in the second quarter of this year, according to estate agents, Knight Frank.

Annual rents of €431 per square metre in Ireland meant it was eighth most expensive location in Europe to rent an office. This is down from the €700 a square metre that businesses were paying for office space in Dublin last year.