Dublin Business Innovation Centre (Dublin BIC) has today opened its new start-up hub and co-working facility, Space@DublinBIC, in the city centre.

This offers an affordable office for entrepreneurs, freelancers and start-ups. Situated in Dawson Street, it has capacity for over 200 people.

Space@DublinBIC has been designed to offer a choice of office options for those facing low availability of office space in Dublin and soaring rental prices prices.

Businesses can get a dedicated desk for €375 a month in the city centre building or a hotdesk for €200 a month. 

Reflecting the severe shortage of office space in Dublin city centre, 20 private offices in the building have already been pre-sold to companies including RecommenderX, Black Shamrock, Travel Tech Labs, Swiftqueue and Travelling Languages. 

Michael Culligan, chief executive of Dublin BIC, said that having a dedicated space from which to work and conduct business is vital for companies in their early stages.

"But in a city in which only about 3% of office space is vacant and prices are reaching record highs again, entrepreneurs and freelancers are finding themselves unable to access office space from which they can hire talent, scale and access customers easily," he said.

"With the city centre being increasingly dominated by bigger corporates, it is important that we work hard to ensure there is a healthy ecosystem of business - large and small, established and early-stage," he added.