Dáil Éireann Debate, Tuesday - 14 July 2026
248. Deputy Paul Donnelly asked the Minister for Enterprise, Tourism and Employment the operating costs of each IDA office worldwide, by location in 2025 and for the first six months of 2026, in tabular form. [52718/26]
View answerForeign Direct Investment is a key element of Ireland's economic strategy, with investments by IDA Ireland client companies consistently generating highly skilled jobs nationwide. A total of 190 investments were secured by IDA during the first half of 2026, up 6% on the same period in 2025 which was a record year for investments.
Ireland continues to remain attractive to new investors with 54 of these 190 investments coming from companies new to Ireland. IDA’s 2025-29 strategy also emphasises partnering with companies to strengthen long term investment, and the efficacy of this approach is reflected in the 39 expansions from existing client companies, 57 RD&I investments, 31 talent development projects, and 9 green capital investments.
Employment and economic impact of IDA clients on Irish economy and society remains at record levels. IDA client employment increased by 1.5% to 312,400 in 2025, which is line with national employment growth and holds share of total national employment at 11%.
This strong FDI performance in the first half of 2026 reflects Ireland’s continued competitiveness on the world stage. IDA operates a network of offices across the globe engaging with a diverse range of sectors including technology, life sciences, financial services, and advanced manufacturing and continuously reviews its strategic approach to winning investment for Ireland.
The table below outlines the operating costs associated with IDA offices worldwide, by location, in 2025 and estimated for the first six months of 2026.
|
IRELAND |
Costs 2025 Jan – Dec |
Estimated Costs 2026 Jan – June |
|
Three Park Place, IDA Ireland HQ (rent, rates, Service Charge, utilities) |
€5,187,000 |
€2,593,500 |
|
Athlone Office (IDA Ireland owned) |
€89,800 |
€44,900 |
|
Letterkenny (rent inclusive of utilities) |
€7,000 |
€3,500 |
|
Sligo (rent, rates, Service charge, utilities) |
€130,700 |
€65,350 |
|
Limerick (rent inclusive of utilities, rates |
€39,200 |
€19,600 |
|
Cavan (rent inclusive of utilities) |
€14,200 |
€7,100 |
|
NORTH AMERICA |
|
|
|
Austin (rent, rates) |
€51,000 |
€25,500 |
|
Chicago (rent, utilities) |
€120,000 |
€60,000 |
|
Palo Alto (rent inclusive of utilities) |
€358,000 |
€179,000 |
|
Atlanta (rent inclusive of utilities) |
€72,000 |
€36,000 |
|
New York (rent, utilities) |
€623,000 |
€311,500 |
|
Irvine (rent inclusive of utilities) |
€64,000 |
€32,000 |
|
Boston (rent inclusive of utilities) |
€81,000 |
€40,500 |
|
Toronto (rent inclusive of utilities) |
€33,000 |
€16,500 |
|
EUROPE |
|
|
|
Paris (rent, rates, utilities) |
€124,000 |
€62,000 |
|
Frankfurt (rent, utilities) |
€131,000 |
€65,500 |
|
London rent (Service Charge inclusive of utilities, rates) |
€411,000 |
€205,500 |
|
ASIA PACIFIC |
|
|
|
Sydney (rent inclusive of utilities) |
€30,000 |
€15,000 |
|
Seoul (rent inclusive of utilities) |
€31,000 |
€15,500 |
|
Tokyo (Service charge (DFA owned building), utilities) |
€6,000 |
€3,000 |
|
Shanghai (rent, Service Charge, utilities) |
€228,000 |
€114,000 |
|
Shenzhen (rent inclusive of utilities) |
€40,597 |
€13,532 |
|
Beijing (rent, Service Charge, utilities) |
€77,000 |
€38,500 |
|
Singapore (rent inclusive of utilities) |
€30,000 |
€15,000 |
|
Mumbai (rent, Service Charge, utilities) |
€149,000 |
€74,500 |
