The average cost per private office desk in Dublin was €527 in 2019, down 6% year-on-year according to our latest research. This was due to an increase in the availability of serviced office space across the city and suburbs offering competitive rates and packages to clients in order to secure business. The average term length was 10.2 months and the average rental discount achieved by us was 9.6% compared to 5.7% in 2018. As a result of the increase in serviced office options, negotiating power shifted further towards the occupiers.
The average number of desks required by our clients was 12.2 desks per enquiry in 2019, which is 26% higher than the 9.7 desks the previous year. This is a result of a trend that we’re seeing globally in which flexible offices are more frequently being used by larger companies that require more desks on longer contract terms.
Find out more from our Dublin 2019 flexible office market snapshot here.