When Google announced last month it was pulling the plug on a lease for a new office space in Dublin, Ireland, it set off alarm bells.
Google is a large presence in Dublin’s “Silicon Docks,” where it holds its European headquarters, a part of the city around the docklands area where a who’s who of Big Tech are located, including Facebook, Twitter and Airbnb.
But during the coronavirus pandemic and with the need for remote working, questions are being raised about the viability of large office spaces. Google said it remains committed to Dublin — where it has over 8,000 workers — and has purchased two more buildings that it still plans to fill.
The commercial property market in Dublin slumped in the second quarter as the country was in the depths of lockdown, according to real estate firm CBRE, which reported just 15