Market in Minutes

Dublin Offices - Q1 2017

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Recent data underscore the increasingly dominant role of Dublin as a driver of economic growth in Ireland. Census figures reveal that the capital’s population grew almost twice as fast as that in other parts of the country between 2011 and 2016. Moreover estimates from the Quarterly National Household Survey (QNHS) show that this trend has continued since Census night – Dublin’s headcount rose by 1.7% in the year to March 2017, compared with 0.8% elsewhere.

Around two-thirds of Dublin’s population growth is due to internal migration, and the availability of job opportunities is clearly a factor behind this. In net terms 68,600 new posts have been created in the last year and more than 40% of these are in the Greater Dublin Area. Within Dublin 57% of all new jobs are in office dominated sectors with Finance, Insurance and Real Estate (FIRE), Professional Services and Information and Communications Technology (ICT) now accounting for one quarter of all employment in the capital.

Source : Savills

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