Tag Archives: Crying Chair

90178506

Oh yes.

“Effective [office] rents in Dublin have increased by 39.3% in the last 12 months, compared with an average of 5.1% across Europe.
…Savills say net effective rents comprise two elements of “headline” rents and rent-free periods, which have moved in opposite directions over the last year…”

 

Update:

Dr. John McCartney, Director of Research at Savills sez:

 “Service sector jobs growth has led to an upsurge in the demand for office space causing headline rents to rise by 24%.  But increasing demand has also allowed landlords to row back on rent-free incentives.  On average, the rent-free period on a standard office lease has halved over the last year.”

Dublin records fastest growth in net effective rents in Europe (RTE)

Studio flat

Roomy for Dublin.

But still.

The scale of London’s property boom was highlighted on Tuesday when a [King’s Cross] shoebox “studio flat” [above] barely big enough to fit a double bed and a sink was snapped up by eager renters less than 16 hours of being advertised, despite costing £170 a week or £737 per calendar month.

Shoebox ‘studio flat’ in London snapped up by renters within 16 hours (TheGuardian)

Thanks HappyDub