What will happen to Dublin’s empty office blocks?
Dublin’s office market is likely to get worse before it gets better with no relief in sight until 2027 amid a collapse in demand and a glut of new developments coming on stream. Last week the Central Bank aired its concerns over the situation. So will there by a crash in the office market sector and what might that mean for the economy?
John McCartney from BNP Paribas Real Estate explains why the fall in demand is part of a cycle and explores the forces – including troubles in the ICT sector and post-pandemic WFH – that have brought us to this tipping point.
Irish Times columnist Una Mullally…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.