Prime office rents in Dublin to rise

Intensifying competition for prime Dublin office space is likely to push up commercial rents in the near-term, according to international property consultants Jones Lang LaSalle.

In its latest review of the capital’s office market, JLL Ireland said yesterday that take-up of corporate premises during the first half of 2014 was actually down by 43% on the same period last year.

However, the second quarter of the year saw a 34% jump on the first three months of the year with 20 deals taking up a fresh 361,831sq ft of space.