Large parts of Georgian Dublin were demolished or substantially redeveloped in the mid-20th century during a boom in office building. After this boom, the recessions of the 1970s and 1980s slowed down the pace of building. Cumulatively, this led to a large decline in the number of people living in the centre of the city, and by 1985 the city had approximately 150 acres of derelict land which had been earmarked for development and  of office space.