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Wed 06 Jun 2010Grafton Street rents down more than Henry Street
RENTS ON Dublin’s Grafton Street have fallen by a considerably larger margin than those on Henry Street since the market peaked in 2007.
The latest Lisney rental indices shows that Grafton Street rents have dropped by 13.11 per cent more than those on Henry Street. The report, by Aoife Brennan of Lisney, blamed the “poor physical environment” of Grafton Street and the restrictions on the type of shops permitted. In the last three months, rents on the street dropped at a slower pace than in the preceding two quarters, falling by 4.17 per cent. The pace of decline on Henry Street was also slower at 5.56 per cent.
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