Dublin office rents to exceed pre-recession peak

Dublin office rents will surpass peak pre-recession levels in the next two years as the lack of development and increasing demand continue to drive prices higher.

The chronic lack of development coupled with increased demand from domestic and overseas occupiers is expected to further inflate rental prices in 2015 and through the following year too, analysts at Davy Stockbrokers are predicting.

The residential situation mirrors that of the office market with double digit rental price inflation anticipated over the coming 24 months as an imbalance between supply and demand for prime stock persists.