Rise in office space take-up focuses on prime locations

Take-up of office space in Dublin rose by 25% during 2011, reaching twice the levels achieved in 2009.

Research undertaken by Savills Ireland found that take-up of office space in the capital was relatively consistent throughout 2011, with a total of 148,000 sq m let for the year as a whole.

The trend in terms of demand continues to be led by a preference from occupiers for space in prime locations, most notably Dublin 2 and Dublin 4. Of 53 deals completed in the fourth quarter, 25 were located in either Dublin 2 and Dublin 4.