Dublin office market activity expected to rise in H2 2021
Technology firms were, once again, the most active occupiers in Dublin’s office market in 2020, with information and communications technology (ICT) accounting for the year’s top 10 deals and 70 percent of take-up in 2020, despite much talk about a migration from offices, reported Savills in its latest Office Market in Minutes. The report found that although general employment has fallen, the share of office-based employment has stayed relatively steady, which bodes well for the future.
The failings of the final Brexit deal for financial services were also found to offer some opportunity to the Dublin office market, with firms that had, to date, only made a foothold presence in Dublin, now making moves to scale up their operations.
“Despite the fall in employment, the office sector has proven more resilient to the COVID-19 shock than other sectors of the economy. Looking at the statistics from the Pandemic Unemployment Payment, we can see that, despite accountin