Dublin office rents expected ‘to soar’ by 18%

Prime office rents in Dublin are expected to jump by 18% this year, marking a fourth year of rapid growth and a more than doubling of post-recession lows.

The upgraded forecast, from property consultancy HWBC, suggests rents for prime Dublin office space will reach €65 per sq ft by the end of this year.

This would represent a more than doubling in rates in the past four years.