Google’s announcement last month that it would not be going forward with a large rental project for some 2,000 employees stoked a major debate about the future of the Irish commercial property sector, particularly in Dublin. Industry figures rushed to tell the press this was no big deal, that Google’s decision was not a turning point. However, given most economists and market commentators already believed commercial property in Dublin was overvalued prior to Covid-19, the decision by Google was seen as a sign of things to come. Since that move, a string of other multinationals such as Indeed have announced…

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