A NEW survey of 250 office occupiers in Dublin has shown that a third of them were most influenced by the location of their new buildings when it came to making a choice.
Around 31 per cent of the respondents cited the availability of public transport as a crucial factor while others mentioned local amenities and proximity to clients and other businesses.
The availability of car-parking was also mentioned as a key factor. The CBRE survey also showed that companies looking at new buildings were most influenced by the size of floor plates, the building’s appearance and the fit-out.
Rent and the rent-free periods were cited as important aspects of the financial package. The length of lease available and the service charge and rates were deemed to be the next most important considerations.
The survey also found that 76 per cent of office location decisions were made at local level with the remainder made by head offices overseas. Of the new leases signed in the last 12 months, 23 per cent were for terms of up to three years; 19 per cent were for three to five years; while the majority were for between five and 10 years.
Some 19 per cent of the respondents signed a new lease for 10 years or more.
Paddy Conlon of CBRE said the survey confirmed that rent alone was not the deciding factor for many corporate organisations when making location decisions.
