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Our NEWS section is the most comprehensive publication on the business of property in Ireland, keeping our trade readers fully informed on all developments in the property business and among their competitors.

It gathers together in one place all reports on the market, and goes into much greater detail than does the consumer press on trade issues of interest to estate agents, developers and other property professionals. It summarises property stories from the media, and provides handy links to the full stories. Occasional indepth features and opinion pieces for a fully developed online property magazine. It also acts as a searchable archive of all property matters down the years.

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© Business Post 16 Apr '24

Resurgence of Georgian charm: Why period office buildings are bucking the commercial real estate slump

At a time when the modern office market is suffering from a slowdown, Dublin’s Georgian properties continue to draw interest. Part of the reason is their gracious period features including cornicing -  Subscribe
© The Property Week 07 Apr '24

JLL Ireland: Office leasing in Dublin hit its lowest quarterly levels since 2013

The latest research from JLL Ireland, tracking Dublin’s office market in Q1 2024, shows that there have been low levels of leasing activity in the opening quarter, with 196,000 sq. ft across 31 deal -  Subscribe
© Business Post 02 Apr '24

Colm Lauder: Office rents are holding up, are they detached from reality?

Investor, and commentator, views are highly polarised, with many seeing the sector as increasingly obsolete in the era of the hybrid workplace, and consequently, vacancy rates for many markets, includ -  Subscribe
© Irish Independent 29 Mar '24

John McCartney: The office market is in a downswing that is unlikely to be especially deep – but it could prove to be a long one

Vacancy is likely to peak at between 16.5 and 17pc in 2025 (currently it is just over 13pc). Historically, Dublin office rents are well supported at vacancy rates below 11pc. Relative to this benchmar -  Subscribe
© The Irish Times 27 Mar '24

EY Ireland narrows search for new Dublin HQ down to final two

Either Harcourt Place, a new office scheme to be built by its current landlord, the Clancourt Group, or Wilton Park, the 53,885sq m (580,000sq ft) office campus developed by Irish property company, Ip -  Subscribe
© Business Post 18 Mar '24

DEAL: First tenants secured for Aviva’s 18 Lower Leeson Street office block

18 Lower Leeson Street in Dublin 2 has secured its first two high-profile tenants since its major revamp by landlord Aviva Life and Pensions Ireland: Falko Regional Aircraft Limited and Lockton Irelan -  Subscribe
© The Irish Times 29 Feb '24

The office is not dead but a reset is clearly underway

JLL global research shows that most employees work from the office an average of 3.1 days per week. Eight of the world’s 10 largest technology companies are now mandating at least three days per wee -  Subscribe
© RTE 21 Feb '24

Empty offices: What now for Dublin's commercial property?

Some companies have said that office attendance will be a factor in employees’ performance reviews. In Grand Canal Dock, the mecca of Irish office work, the response is much the same. -  Subscribe
© Irish Independent 16 Feb '24

CBRE: Demand for flexible desks surpasses traditional offices

Megan Burke, director of CBRE Ireland’s Flexible Offices team, said “the vacancy level among these operators’ portfolios at the end of December 2023 stood at 7pc in the core city centre location -  Subscribe
© Irish Independent 09 Feb '24

Dbt Labs to open Dublin office in remote work shift

Dbt Labs began hiring in Ireland in early 2022 to expand its headcount in Europe but had focused on a remote-only model. That has since shifted to the physical space in the Docklands. -  Subscribe
© The Irish Times 07 Feb '24

Dublin’s office market nearing bottom of current downturn - HWBC

The report notes that there could potentially be a shortage of prime space in Dublin’s central business district by 2026 as the majority of currently available new buildings will be leased up by the -  Subscribe
© Business Post 30 Jan '24

Tetrarch and Marlet among final bidders for prime D4 office blocks

Last year, eight buildings in the Elmpark Green portfolio, owned by Starwood, the US private equity firm, were brought to market for a guide price of €55 million by CBRE, the property agency. -  Subscribe
© Irish Independent 26 Jan '24

Value of city offices continues to slide, with the biggest drop in Dublin 4

MSCI/SCSI Ireland Quarterly Property Index howed the value of Dublin offices fell 5pc in the quarter and 15.9pc in the 12 months. Those in Dublin 4, including leafy Ballsbridge, fell by 8.7pc in the q -  Subscribe
© Other 18 Jan '24

Almost 40% of employers mandating office presence in 2024

Hays Ireland found 58 per cent of employers expect hybrid working arrangements to stay the same this year. Approximately 44 per cent of employees were found to work fully from the office, while 41 -  Subscribe
© Irish Examiner 18 Jan '24

Irish office vacancy rate rises to as much as 18% 'on tech slowdown and home working'

The Aecom annual review also predicts tender price inflation of 4% this year, as labour costs continue to weigh despite sharp price falls in many building products, including steel, but the Gaza war h -  Subscribe
© The Irish Times 17 Jan '24

Eagle Street secures further 10-year lease renewal with Curtiss-Wright at Block 5 Richview Office Park

Curtiss-Wright Avionics and Electronics is understood to have agreed a rent of about €27 per sq ft. The deal was brokered on Eagle Street’s behalf by Seán Ryan McCaffrey of Savills, with Robert M -  Subscribe
© The Irish Times 20 Dec '23

DEAL: Greencore signs for new headquarter offices at Dublin Airport Central

The Irish Times understands that Greencore has signed a 10-year lease and agreed to pay a rent of about €36 per sq ft, occupying 10,333sq ft on the fourth floor of Block Two, The Green, from early 2 -  Subscribe
© Irish Independent 11 Dec '23

Shane Duffy, Savills: After the roughest year in over a decade, prospects for the office market in 2024 are starting to look up

Anecdotally, the number of occupiers starting to increase their footprint is starting to rise and their focus is centred on better quality workspace in central locations for their returning employees. -  Subscribe
© The Irish Times 07 Dec '23

Declan O'Reilly, Knight Frank: Dublin office vacancy rate hovers close to 15% as cost pressures bite

Cautious demand at a time of increased supply has seen prime rents slip back from the €70.00 per sq ft observed at the end of 2022 to €62.50-€65.00 per sq ft currently. Enhanced incentives and r -  Subscribe
© Business Post 03 Dec '23

Aoife Brennan, Lisney: Interest rates and elevated construction costs made greatest impact on market

MSCI data show overall CRE capital values in Ireland fell by 14 per cent in the 12 months to end-September 2023 and by 21 per cent in three years. Prime yields generally drifted out by 50 to 125 bp -  Subscribe
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