Dublin Office Market Overview Q4 2022

February 7, 2023

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  • In what is traditionally the busiest quarter of the year for leasing activity, Dublin office take-up totaled 74,942 sq. m. in Q4
  • Take-up for the full year in 2022 was marginally below the 10-year annual average, but up almost 60% year-on-year
  • Activity in Q4 was driven by two large, high-profile transactions
  • A two-tier rental market continues to become more defined
  • Competition at the prime end of the market remains solid, while weakness is coming through in secondary and the suburbs
  • Office investment volumes were lower in Q4
  • Prime yields continued to soften