Knight Frank report suggests Dublin office accommodation shortage shows ‘signs of easing’

The rapid increase in Dublin office rents is beginning to ease as new capacity begins to trickle into the market, according to research.

A report by property consultants Knight Frank suggests the first batch of developments since the financial crash is beginning to ease the pace of commercial rent inflation in the capital.

Prime office rents in the capital have risen over the past five years from €32 per sq ft to €54 per sq ft, according to the the consultants.