University College Dublin (UCD) in Ireland has announced plans to relocate department offices but lecturers are reluctant to make the move.
A spokesperson for UCD said that staff in the English and Drama School would be swapping offices with staff in the Language and Literature School. This would be part of a University initiative to ensure that all departments have an appropriate space for the delivery of their programmes.
However staff members are outraged because days earlier they were assured that no such relocation plan would be taking place.
Commercial estate agents are optimistic about the demand for Irish office space due to an inquires increase in recent months.
Three reports on the Dublin office market indicate that market activity has increased in the in the first quarter (Q1) of 2010.
Jones Lang LaSalle, real estate experts, say that demand for office space is double that for the same period in 2009 and that the demand is 16% higher than the final quarter of 2009.
Business-focused social media network LinkedIn is to base its international headquarters in Dublin.
LinkedIn will manage international expansion from the new headquarters, but will still keep the original and main HQ in California. They will give the area a plethora of new jobs, although they are yet to confirm exactly how many new jobs will be created. Kevin Eyres, managing director for LinkedIn Europe believes that Dublin will provide them with great access to a skilled workforce. (more…)
The Irish Times have reported a steady increase in demand for office space in Dublin, Republic of Ireland.
The reasons for the increase have been attributed to a recovering economy, but also the new advantages available to tenants such as break options and better value deals. The city’s office space market had been at a stand-still for the past six months as now more companies are on the search for prime office space, mainly in the docklands and south of the city. (more…)
The office market in Dublin is the fourth cheapest out of 22 European cities, as well as having the highest number of vacancies according to a recent report. However rents in prime areas are still the eighth most expensive at â‚¬431 per sq m. The data was uncovered by Knight Frank and show that on average euro rents have fallen 12% in the last six months. There is a high volume of finance outstanding on British property, and the news that prices have bottomed out will come as welcome news to investors.
The office space vacancy rate hit an astonishing 21% in June, which is the highest it has been for 18 years. Despite this, new space is still being built. However take up of office space actually improved in Q2 of this year compared to Q1, surprising many analysts. In Q2 29,000 sq m of office space was completed, with 78,000 sq due to be completed by the end of the year.