LinkedIn will still occupy One Wilton Park in Dublin, but it is cutting back its plans for other parts of the developmentIt should have come as no surprise when LinkedIn confirmed last week that it was scaling back plans for a vast European campus in Dublin. In the months after the pandemic broke out,it was clear that the old way of working, where presenteeism ruled and anything less than full office attendance was an aberration, was gone.
LinkedIn now joins a growing number of tech companies rethinking their office plans and adjusting them to the new reality. TikTok pulled out of negotiations with Marlet Property Group to lease the Shipping Office development on Sir John Rogerson’s Quay in August, only to sign a deal for the nearby – much smaller – Tropical Fruit Warehouse.
And Facebook has said it has paused the fit-out of phase four of its campus development in Ballsbridge – with remote and hybrid working it no longer needs the office space on the same timescale. These companies are unlikely to be the last to rethink their plans, and it is not yet clear which way Dublin’s commercial property market will go. A handful of firms changing plans may make a trend but it doesn’t add up to a crisis when the companies in question are still occupying large swathes of office space. Google, for example, is bringing staff back into the office a few days a week.