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Increased Demand for Office Space in Dublin

Written by: Editor

Increased-Demand-for-Office-Space-in-Dublin.jpgThe Irish real estate market, for both residential and commercial purposes, is in high demand and numerous investments have been completed this year. For example, the demand for office space in Dublin increased in volume by 22% since the beginning of the year up until October, compared to the same period of the previous year. Investors who want to start the procedure of Irish company formation should also take into consideration that they will need to set up a business address and, in this sense, it will be necessary to either purchase or rent one of the available offices. Our team of specialists in company formation in Ireland can provide in-depth assistance on the main procedures involved in the above mentioned cases. 
 

Commercial constructions in Dublin 

 
An important aspect related to the commercial properties available for purchase or rental in Dublin, Ireland, is that in 2017, the number of large-scale deals increased compared to the previous year. For example 9 deals more than in 2016 were concluded for office space with a size of more than 50,000 square feet (while 4 of them were represented by deals concluded for surfaces of more than 100,000 square feet). 
 
Investors interested in opening a company in Ireland should know that the highest demand for office space in Dublin is deriving from the following types of companies:
 
companies performing activities in the field of technology (50% of the deals);
companies offering financial services (15%). 
 
The IT sector and its related activities, as well as the financial sector, represent some of the main economic activities that are characteristic to Ireland. Our team of agents in company registration in Ireland can offer advice on the regulations related to these fields of activity. 
 

Construction projects for commercial space in Dublin

 
At the moment, Dublin offers a total of 4,5 million square feet available for commercial purposes. The surface is currently under construction, but an additional space of 1,5 million square feet may become available. At the moment, the vacancy rate in Dublin is established at 7,7%
 
Businessmen can find out supplementary details on this subject from our agents. Please contact our team of consultants in company formation in Ireland for consultancy services on the real estate market regulations
 

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