Sharp rise in Dublin office take-up in 2022 but tech slowdown ‘restricting’ market

But the tech sector “is clearly the weak link” in the chain. IT firms only took up 18,324sq m of business space in the second half of last year, “accounting for just 11.7 per cent of all take-up compared with a run-rate of 49.5 per cent between 2017-2021″, BNP said.

This “pullback” reflects the “sharp slowdown in the global technology sector”, the report indicated, with high-profile employers like Meta, Google, Amazon and others announcing job cuts in recent months.

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