An increase in office stock, the switch to hybrid working, as well as job losses in the tech sector have contributed to a slowdown in the Dublin commercial real estate market, according to industry expert, John Moran. The CEO of JLL joins Ciaran Hancock to discuss the 13% office vacancy rate driven partly by the increase in 'grey space.
The poor outlook underscored the challenges facing chief executive Pat Gelsinger as he tries to reestablish Intel’s dominance of the sector by expanding contract manufacturing and building new factories in the US and Europe. Intel employs some 5,000 at its Irish operations, mostly at Leixlip in Co Kildare. It has recently shed some 130 workers at the facility as the company implements cuts.
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