Dublin city centre office rents recovering at fastest pace

Dublin city centre office rents experienced the sharpest contraction during the economic crash but are recovering at a faster pace than anywhere else in the capital, a report indicates.

The inaugural Dublin Economic Monitor launched yesterday paints a largely optimistic story of recovery in the nation’s capital as a greater number of people return to work. As a result of the strengthening labour market, offices are again in greater demand, with rents in the main business district climbing by more than 18%.

The same office accommodation saw rents plummet by more than 50% during the crash compared to 40% in the city’s south suburbs.