links for 2010-01-28

As a driver entering the new streets, you are immediately aware that this is somewhere different, somewhere special. It feels quite unlike a normal urban road. You start to pay extra attention, and to become more alert to other people and to your surroundings. The narrower apparent width of the carriageways, the absence of road markings and signals, the lighting, low kerbs and distinctive paving all help to encourage low speeds, whether you are familiar with the space or a newcomer. Every aspect of the scheme contributes to establishing a naturally low-speed, free-flowing environment.

So, labour costs (the largest input), payroll taxes, gas, water charges, transport and fuel (including labour-related transport costs), couriers and accountants – all cheaper here than in Maastricht. So what’s going on? Why is the cost of running retail operations more expensive here than in Maastricht? Rent: rents are the killer. For city centre locations Dublin rents are €2,600 more expensive per square metre; for high street locations (Grafton Street compared to Grote Straat) the differential is a staggering €8,000 per square metre. Even in Outer City Shopping Centres (such as Dundrum), rents are nearly €2,700 dearer here per square metre than the Maastrich equivalent. That’s a lot money flowing out of consumers’, workers’ and owners’ pockets into commercial landlords’.