The Irish economy continues to prosper over the years. Recently, the well-known American commercial real estate services company, Cushman & Wakefield, has unveiled data that corroborates the growth of the economy:
- The number of offices available in Dublin has fallen by 31% per annum in the third quarter of 2019, the lowest level since mid-2002.
- More than half of the offices being built in Dublin by mid-September were already pre-rented or booked.
- Overall, the spaces reserved and leased have surpassed the total number registered in the same period of the previous year.
These are figures that reveal the trend of companies, both local and foreign, to choose Dublin as the headquarters for their operations.
Analyzing the activity by sectors, the technology companies are the ones that have grown most the occupation of offices in the Irish capital, with 38% of the operations carried out, followed by the financial sector, which absorbed 13%.
As an example, Google stands out with an increase in its presence in the city, with the occupation of 4,500 square meters in Blackthorn House in Sandyford. On the other hand, AIB has recently occupied 5,250 square meters in the Heuston neighborhood.
There are real estate agents and consultants that will help and advise you when it comes to finding the best office for your company in Ireland, such as;
Ireland, now is the time
The number of offices available to be rented or, in other words, the number of offices that have been bought, rented or reserved, may seem insignificant, but it really mirrors what is happening in Ireland and more specifically in Dublin.
If your company is in the process of expansion and you are currently doing a market study, Ireland is a good destination. With a healthy and booming economy, it demonstrates stability and prosperity far removed from other European Union countries. It also offers many facilities to established companies, startups and small entrepreneurs. For this reason, the country breathes an enviable economic ecosystem and hosts the great technological magnates such as Google, Apple, Facebook and many others of similar size.
In ISEA we can help you resolve any questions or concerns about starting your business in Ireland. Contact us and we will be happy to help you.