Average salaries among tenants in Dublin’s “Silicon Docks” rose to €127,618 in 2019 and high rents in the area reflected competition for housing among well-paid finance and technology professionals, a new survey has found. It shows that in certain pockets of the docklands, such as Grand Canal Dock, near Facebook and Google’s headquarters, average salaries were €147,582. Some 55 per cent of tenants renting from the company were working in tech, with average rent across the area coming in at €2,479 per month – 20 per cent higher than the Dublin average. Rents increased by 5.3 per cent on average year on year, while one bedroom units were up by almost 7 per cent. Europeans accounted for 52 per cent of tenants, with 32 per cent classed as “international”.

Source: The Irish Times January 29, 2020 02:26 UTC