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Offices, Obsolescence & Opportunities 2023

Tom McCabe • 25/10/2023

Cushman & Wakefield is delighted to present their newest research report Offices, Obsolescence and Opportunity
 
Key Takeaways:  

  • Hybrid working likely to have ‘stock’ and ‘growth’ implications for Irish office markets
  • Analysis of age of Ireland’s office stock indicates that upgrading is required  
  • Office repurposing can help, but it is not a ‘silver bullet’ for our housing crisis 

Commenting on the findings from the report, Tom McCabe, Head of Research & Insights, Ireland, said:  “Irish office markets are clearly undergoing a significant post-COVID adjustment which is likely to play out over the next decade. Repurposing surplus offices into alternative use is expected to form part of that adjustment. The critical need for collaboration, brand identity, socialisation and training mean however that the office will remain a central part of business life into the future. So, while Ireland’s office markets are certainly adjusting, talk of the sector’s impending demise is misplaced in our view.” 

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