Key Points
  • Office take-up in Dublin reached 107,200m² during Q1 2019 -  the highest Q1 take-up ever recorded in the capital
  • Almost 150,000m2² of office stock was reserved in the capital at the end of the first quarter with a further 370,000m2² of requirements outstanding at quarter end
  • 3 pre-letting transactions signed in Q1 accounting for more than half of Q1 take-up between them
  • 27% of Q1 Dublin office take-up occurred in the suburbs with the vast majority of this suburban activity (78%) occurring in the south suburbs of the city
  • Lettings to computers / tech companies accounted for 61% of Q1 take-up 
  • The overall rate of vacancy at the end of Q1 was 5.39%. Meanwhile, the Grade A vacancy rate in Dublin 2/4 at the end of Q3 was 3.9%
  • Prime Dublin office rents stable at €700 psm at the end of Q1