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Dublin - a growing financial market

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Dublin - a growing financial market

M&A activity in 2016 was ten times above the 10-year average. This is leading to strong occupier demand and take-up in 2016 was 30% above 5-year average Dublin's economy is set to expand by 13.9% during

2017-21. Meanwhile, the employment in Dublin is expected to grow by 6.5% over the next five years. The Information & Communication sector is expected to see employment expand by a significant 15.2% while in Finance & Insurance it is set to rise by 9% during the same period. This suggests that strong demand for office space will continue over the next few years.

The Information, Communication & Technology sector and "Other Services" (which includes aircraft leasing firms) were the most prolific in the CBD in 2016, accounting for 39% and 21% of the total leasing activity respectively. Financial Services came in third with 16%. However, on the back of post Brexit relocation, the share of financial services will increase over the course of this year and in 2018. Meanwhile, the Public Sector is also very active as it is taking advantage of lease events.

Source : Savills

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Keywords : Brexit, JP Morgan, Savills