With the office market in effective lockdown for the last 15 months, there are now increasing signs of pent up demand from occupiers with much stronger take up levels recorded in Q2. The staggered lifting of Covid restrictions and the successful vaccine roll-out has led to a bounce in economic activity with recent figures for the services sector and tax revenues showing strong recovery. We have seen a marked increase in tenant activity heading into Q3 which will translate to increased take up for the full year. All the signs are for a strong recovery in 2022 and a return to more normalised levels of activity, albeit from low levels of the pandemic.
Read our full report here.
If you have any queries please contact our Office & Business Space team:
Paul Scannell – Director, Head of Office & Business Space, T: + 353 1 77 50 527, E: pscannell@hwbc.ie
Emma Murphy – Divisional Director, T: + 353 1 77 50 519, E: emurphy@hwbc.ie
Conor Kevany – Director, T: + 353 1 77 50 506, E: ckevany@hwbc.ie
