In its latest (3Q15) Market Report on the European office sector, Savills noted that prime rents and secondary rents in Dublin were, respectively, EUR619 and EUR500 per square metre per year. Year-on-year growth in prime rentals has fallen from 35% to 30% since 1Q15. Looking forward, Savills anticipates that take-up of office space will increase. Supply of new space is expected to fall. Prime rents are expected to rise. In its report, Savills highlighted how very strong growth in employment and the lack of significant office completions since 2010 had led to explosive rental growth.

Source : Savills/December 2015/Dublin/OFF