Dublin office rents to soar 30%

Price increases in the Dublin office market show no sign of slowing but are instead likely to climb another 30% by the end of the next year.

A major shortfall in available office space will continue to fuel rental increases in the capital as the economy picks up and more foreign direct investment comes to our shores, according to property firm HWBC.

HWBC’s office market review is published today. It says prime Dublin office rents will climb by a further 20% by the end of 2015 with 9% growth predicted for the following year.