Whether you’re looking for a 55m² retail unit or a 12,000m² office space, Dublin has the right spot for your business and one that will fit your corporate culture. From new-builds to conversions of characterful historic properties, and from bijou to very big, the perfect base for your start-up – or your international corporation – is here.
Available locations include city-centre high-rises in the city’s Central Business District (CBD) and leafy suburban office parks. Thanks to on-going development, Dublin’s property inventory is growing rapidly. According to Property consultants CBRE, ’30 office schemes were under construction in Dublin city centre at the end of the first quarter, extending to more than 370,000m between them’.
Source: CBRE
In a February 2019 report, link commercial property firm HWBC forecast that prime office rents in Dublin will remain at their current level of around €60 to €65 per square foot, a sign, it said, that the market is maturing. In the same report, HWBC noted that the suburban market has the potential to peak around €35 per square feet at office park locations like Sandyford and Central Park.
Office parks in the Dublin are
Rent: what will you pay?
- City centre: €700 per sq m/65 sq ft
- South suburbs: €306.66 per sq m/28.50 sq ft
- North suburbs: € 210 per sq m/19.50 sq ft
- West suburbs: €188.30 per sq m/17.50 sq ft
(source: IDA)
Rent levels for Dublin office space remained unchanged year-on-year in Q4 of 2018, according to commercial real estate services firm CBRE. A recent survey by the Society of Chartered Surveyors Ireland, reports that the average annual rent in Dublin per square metre for ‘Retail Prime Floorspace’ was €6,000. For ‘Industrial Floorspace under 500m²’ it was €98 and for ‘Industrial Floorspace over 500m²’, €85.
Open plan office in Dublin
Also during 2018, Dublin’s serviced office market increased by 50%; research from Click Offices puts the size of Dublin’s serviced office market at 23,000 desks.
According to CBRE, more than 364,000 square metres of office leasing activity occurred in Dublin in 2018, surpassing all previous records. At the end of the same year, the overall rate of vacancy in the Dublin office market was just over 6pc. View more information on CBRE’s report on Q2 of 2019.
There are a number of commercial estate and letting agents in the city that can help you to find the right space for your business, including:
Commercial property can also be bought or leased from Dublin City Council. Other councils, like Fingal County Council, compile lists of available commercial property in their area.
Dublin boasts several progressive enterprise centres, start-up and digital hubs where you can nurture your new business or accelerate its success like The Digital Hub, Dogpatch Labs and The Guinness Enterprise Centre.
If you’re looking for a coworking space, you’re in luck: Dublin is in the vanguard of this movement, offering a variety of options for those seeking a sense of community in their workplace.
