22. Februar 2010 
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Dublin has become a more competitive business location
The cost of occupying offices in Dublin fell by 29% in 2009. As a result it has become a more attractive location for FDI. A new report from international property advisors DTZ Sherry FitzGerald shows that Dublin fell in the Global rankings of occupancy cost per workstation from 20th in 2008 to 33rd in 2009. Dublin is now less expensive than many other competing centres in Europe including Amsterdam, Rome and Stockholm.
Commenting on this positive benchmark for Dublin, Peter Waller, Director of Corporate Services at DTZ Sherry FitzGerald noted “Ireland was very uncompetitive internationally at the height of the Celtic Tiger. However property costs have fallen faster here than in many competing countries and Dublin is now more closely aligned with cities such as Copenhagen and Brussels rather than Munich or Zurich which remain significantly more expensive. This lower cost base is a key factor in securing international business investment. DTZ Sherry FitzGerald recently advised Facebook on their European Headquarters in Dublin and are currently advising 15 international companies who are opening new ventures here.”
The DTZ report addresses total occupancy cost including rent and other outgoings such as rates and building maintenance. While all of these costs have fallen in Dublin, and rental levels are now very attractive for occupiers, other costs remain high. Compared to 40 leading European city locations, Dublin rents are now below average, however other property outgoings remain considerably higher than over 80% of the European cities reviewed.
Peter Waller added “Most business costs have declined over the last 12 months. However some services, and business rates in particular, remain very significant outgoings for occupiers. While business rates did not increase in Dublin for 2010, they remain at a level that is unsustainable if Dublin is to maximise its competitiveness to multi-national companies. The corporate sector can not afford the current levels of contribution to local authorities in Dublin and across the country generally.”
Commenting on this positive benchmark for Dublin, Peter Waller, Director of Corporate Services at DTZ Sherry FitzGerald noted “Ireland was very uncompetitive internationally at the height of the Celtic Tiger. However property costs have fallen faster here than in many competing countries and Dublin is now more closely aligned with cities such as Copenhagen and Brussels rather than Munich or Zurich which remain significantly more expensive. This lower cost base is a key factor in securing international business investment. DTZ Sherry FitzGerald recently advised Facebook on their European Headquarters in Dublin and are currently advising 15 international companies who are opening new ventures here.”
The DTZ report addresses total occupancy cost including rent and other outgoings such as rates and building maintenance. While all of these costs have fallen in Dublin, and rental levels are now very attractive for occupiers, other costs remain high. Compared to 40 leading European city locations, Dublin rents are now below average, however other property outgoings remain considerably higher than over 80% of the European cities reviewed.
Peter Waller added “Most business costs have declined over the last 12 months. However some services, and business rates in particular, remain very significant outgoings for occupiers. While business rates did not increase in Dublin for 2010, they remain at a level that is unsustainable if Dublin is to maximise its competitiveness to multi-national companies. The corporate sector can not afford the current levels of contribution to local authorities in Dublin and across the country generally.”
