Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

WHY DUBLIN IS BECOMING A SERIOUS CHALLENGER TO LONDON POST-BREXIT

WHY DUBLIN IS BECOMING A SERIOUS CHALLENGER TO LONDON POST-BREXIT

Among the popular bars, fine dining and historical landmarks of Dublin is a flexible workspace market which is not only diverse in its offering, but becoming increasingly popular for both local, and international businesses, according to Instant Offices.

It is no secret that with the UK’s decision to leave the EU, Dublin has become increasingly attractive for a number of businesses looking at new locations for their European headquarters.

Recent reports show that over 12 million sq. ft. of office space is set to hit the Dublin market over the next five years, to cater for the expected increase in demand, post-Brexit.

Flexible workspace centres across Dublin boast occupancy levels of around 90%. They charge top-end rates of up to €900 per workstation, which is a rate comparable to most areas in central London.

Having said this with an average desk rate that currently sits at around half of this figure for the market as a whole, there is a variety of space in the city to suite a wide range of budgets and size requirements.

In terms of the type of companies looking for space, there is a real variety from health supplement suppliers, to law firms and everything in between.

There has been a recent increase in the number of technology firms, some of whom now occupy entire floors of flexible workspace. Other sectors which have seen an increase are the legal and financial sectors, as reported in the Financial Times back in June last year.

This is mainly due to the lowest corporation tax rate of major European countries. Combined with the referendum result it has meant that many of these firms have started shifting operations out of the UK to the closest EU hubs, Dublin being one of them along with Paris and Frankfurt.

However, it is not just UK based companies that are seeking homes in these EU hubs, a number of large US firms looking to establish themselves in Europe are also flocking to these EU cities as opposed to London.

The office space providers in Dublin are by no means standing still.

With this increase in demand, a number of these office space providers will look to grow their flexible workspace portfolio to match the demand from these new exciting client entrants into the market throughout 2017 and beyond.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post