Prime Dublin office rents forcing tenants elsewhere

Businesses are increasingly looking outside Dublin’s central business district for office accommodation as rents continue to climb in the most sought-after areas, according to a report on the capital’s office market.

The two most in demand postcodes — Dublin 2 and Dublin 4 — have seen rents continue to spiral higher in recent months making setting up shop increasingly more expensive.

According to CBRE director, Alan Moran, rental prices in prime Dublin postcodes have now surpassed the €510 sq m mark and forced companies to look elsewhere.