Dublin continues to lead the national recovery, with a number of indicators for the capital’s economy starting to approach peak levels.
Employment is growing steadily quarter by quarter. The city’s unemployment rate in Q2 was just above 8% – further improvements in the meantime are likely to have brought this below 8%. This is a positive sign as recovery in employment often lags improvements in other indicators after a major recession.
The pressure on the city’s real estate continues to intensify as the economy strengthens, new supply lags demand and the population grows strongly (see special article on page 9). City centre office rents accelerated (+7%) in Q3, even as those in the South Suburbs appear to have stabilised somewhat.
Read more in our October 2015 issue of the Dublin Economic Monitor.
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