Dublin office costs among most expensive

The cost of renting office space in Dublin is among the most expensive in the world, a new survey has found.

The cost of renting office space in Dublin is among the most expensive in the world, a new survey has found.

The data, compiled by CB Richard Ellis, found that occupancy costs in the capital are tenth most expensive, coming in just behind London city, Paris and Dubai.

The most expensive rents are found in the inner central district in Tokyo, along with with London's West End, Moscow and the central business district in Hong Kong.

In Dublin, total occupancy costs, which includes charges such as management fees, property taxes and building maintenance, outstrip those charged in most other European cities. Costs of $1007 per square metre per year in the capital compare to $366 in Berlin, $347 in Belfast and $543 in Brussels.

However, there was some evidence of a decrease in costs, with Dublin recording a 12 per cent fall in rents over 12 months.