Covid causes 30pc drop in Dublin office space lettings Independent.ie 21/01/2021 Donal Buckley
Estimates for take-up of office space in the Dublin market last year range between 160,000 and 167,700 sq m. Agents Cushman & Wakefield say that the latter figure represents a decline of 30pc on 2019 levels.
Ronan Corbett, head of offices, at Cushman & Wakefield Ireland says that although activity and sentiment rose in final months, the follow through to signed deals remained slow.
“Just 28,450 sq m signed in the final quarter as further lockdowns and work from home policies continued to place little pressure on even expanding firms to immediately commit to space.“