Construction BUSINESS

136 New Office Buildings to be Built in Dublin

 Breaking News
  • Plans For Revamping Disused Buildings, a New Town Square, and a Cultural Corridor Announced Re-purposing disused buildings, a revamped town square and a new cultural corridor are just three of the six projects which form part of a community-led architecture and design programme, ‘Reimagine…’, announced by the Irish Architecture Foundation. Reimagine… brings together local communities, architects, designers and planners to develop projects which will enhance the local built environment of [...]...
  • Grafton Merchanting Ireland Launches 2019 Builders’ Merchants Sales Traineeship Grafton Merchanting ROI, Ireland’s largest builders’ merchant, has announced that applicants for its 2019 Builders’ Merchants Sales Traineeship programme are now open. This is the second year of the initiative which in its first year saw 10 people (7 male, 3 female) graduate from the 26-week programme. The QQI accredited programme, is run by Grafton Merchanting [...]...
  • Affordability and Uncertainty Push Irish Property Price Inflation Lower Irish house price inflation eased further to 2.0% in June from 2.6% in July. The annual increase in June is the slowest rise in six years (since the 1.0% increase of June 2013), according to the KBC Economics Desk. While there has been a marked slowdown in the annual rate of increase in Irish property prices, it should [...]...
  • Boston Scientific’s Galway Office in Building of the Year Awards Boston Scientific’s Galway office conversion has been shortlisted in the ‘Building of the Year’ Awards in the Commercial and Building Refurbishment categories. The ‘MOD 1 Building 2’ development involved renovating and re-purposing a large 1970’s industrial warehouse into a state-of-the-art, light filled and sustainable corporate office space. “We are delighted to be shortlisted for the Building [...]...
  • Construction Activity Rises at Weakest Pace in Almost Six Years At 51.4 in July, down from 53.1 in June, the Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally adjusted index designed to track changes in total construction activity – signalled a modest expansion of Irish construction activity. The rate of increase was the slowest in the current 71-month sequence of growth. Commenting on the [...]...

136 New Office Buildings to be Built in Dublin

136 New Office Buildings to be Built in Dublin
November 15
16:43 2016

136 new office buildings, totaling more than 12 million square feet, are planned to be built in Dublin over the next five years, according to Savills’ 2016 Skyline Survey. The developments, intended to provide working space for more than 100,000 employees, are largely centered in Dublin’s central business district, with the majority of the developments in Dublin 2. The report says that 39 of the developments are already under construction, though the largest increase in office space is expected in 2019, though Savills warns that delays are commonplace.

The report also predicts that the expected withdrawal of the United kingdom from the European Union is likely to increase the demand of office space in Dublin as some businesses may move from the United Kingdom to Ireland.

“Between 2010 and 2014, office construction in Dublin came to a complete halt for the first time since records began – something that was almost unique to the Dublin market and not experienced in any other western capital city,” Savills Ireland Director Andrew Cunningham said, “take-up however was strong and as a result, the vacancy rate tightened quickly causing rents to rise sharply. This has made office development viable again.”

Savills is a real estate services provider based in London.

About Author

editor

editor

Related Articles

Constrcution Summit

PROMO – Construction Summit 2016 – Sustaining the Momentum

Lean Construction Ireland – Enhancing Ireland’s Competitive Advantage

The Magazine – Construction Business

The Magazine – Construction Summit 2016

The Magazine – Construction Summit

Upcoming Events

  • No upcoming events
AEC v1.0.4

New Subscriber

Subscribe Here



Advertisements