{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/b2fb5f0b-0ce7-4e5c-b6e0-9b1febd06aea/66a34f94a223d554bf92ace5?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"What will happen to Dublin’s empty office blocks? ","description":"<p>Dublin’s office market is likely to get worse before it gets better with no relief in sight until 2027 amid a collapse in demand and a glut of new developments coming on stream. The Central Bank has aired its concerns over the situation. So will there by a crash in the office market sector and what might that mean for the economy?</p><p><br></p><p>John McCartney from BNP Paribas Real Estate explains why the fall in demand is part of a cycle and explores the forces – including troubles in the ICT sector and post-pandemic WFH – that have brought us to this tipping point.</p><p><br></p><p>Irish Times columnist Una Mullally is in no doubt that the crash has already begun and that poor planning has blighted Dublin with empty newly-built office blocks dotting the city while housing is so desperately needed.</p><p><br></p><p>Both explain where they are coming from and how we can move on.</p><p><br></p><p>Presented by Bernice Harrison. Produced by Suzanne Brennan. This episode was originally published in March 2024.</p><p><br></p>","author_name":"The Irish Times"}