Figures from a recent report published by Savills indicated that Ireland is experiencing an increased demand for commercial office space. One factor in this increase is the rise in company start-ups we've experienced so far this year.

According to our figures a surge of 4,438 new companies were started in Q1 this year, a figure up 21% on the average number of start-ups seen in Q1 over the previous 5 years (3,657).

These new companies are driving an increase in demand for commercial space which is influencing a measured revival of both the construction and real estate sectors.

There were 332 start-ups in the construction sector in Q1, a 16% increase on the average number of construction industry start-ups in Q1 over the 5 years since the recession began. A further 209 of the quarter's start-ups operate in the real estate sector - this is up 70% on the average number of real estate start-ups in Q1 over the previous 5 years (123).