Urban regeneration, property performance and office markets in Dublin

Regeneration concerns the physical and economic renewal of locations with development and investment in property a fundamental part of the process and product. Considers the case of Dublin, where designated areas, including the dock‐lands, have been stimulated by taxation breaks within a structure‐agency model. These mechanisms are initially reviewed to provide a context in which the property market has been operating. Focuses on the performance of office property in Dublin and compares rental return evidence for the city centre market with that for the International Financial Services Centre, one of the original designated renewal areas in the dock‐lands. Conclusions focus on how taxation breaks can be used to create new office locations and how the regeneration market can become tax‐driven with dual structures existing between urban regeneration areas and the prime market.