Dublin lettings up by 21% in first three months of 2014

A total of 55,988sq m (602,679 sq ft) of office space was let in the Dublin office market in the first three months of this year, according to a new report from JLL.

The take-up was 21 per cent higher than in the same quarter in 2013.

About 70 per cent of the take-up was for office units of up to 929sq m (10,000 sq ft).

There were two lettings in excess of 4,645sq m (50,000sq ft).

READ SOME MORE

Deirdre Costello of JLL said the limited choice in some locations and in certain size categories had led to further rental growth with prime rents now ranging from €409 to €452 per sq m (€38/€42 per sq ft).

Jack Fagan

Jack Fagan

Jack Fagan is the former commercial-property editor of The Irish Times