Demand for office space has weakened sharply as firms reassess needs, with thousands of employees still working remotely
A slow reckoning is taking place in the Irish commercial property market right now. And for those looking closely, the signs are all there.
The sharp rise in interest rates over the last year coupled with weak demand from businesses, particularly in the tech sector, means commercial property values are beginning to correct. In the last six months, some of the largest commercial property funds in Ireland have collectively booked almost €290 million in write-downs ...
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cathedral Court office space sold to private Irish investor for €2.25mTwo floors already let successfully in mixed commercial and residential building in Dublin 8
Read more »
Police probing heist of over €13.5 million in gold and 'high-value' goods at Toronto airportCanadian police are investigating a heist of more than €13.5 million in gold and other 'high-value' goods being moved through the Toronto airport
Read more »
Chupi celebrates 10 years in business with a rebrand and a new luxury rangeThe Irish jewellery house continues to pivot into the sustainable, high-value space
Read more »
Splurging the corporation tax windfall in exchange for votes would threaten the nation’s futureSplurging the corporation tax windfall in exchange for votes would threaten the nation’s future via IrishTimesBiz
Read more »
European shares rise as dealers look towards ECB’s next rate moveEuropean shares rise as dealers look towards ECB’s next rate move via IrishTimesBiz
Read more »
Employers finding volume of new labour legislation challenging, says IbecRemote working, sick pay and protected disclosures among the issues companies are seeking guidance on, says organisations Head of Employment Law Services
Read more »