Figures
Dublin Office Market Q1 2024
Deal Closures Low, Healthy Level of Reserved Stock & Deals Ongoing at Grade A+ Offices
May 7, 2024 10 Minute Read
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- Dublin office take-up totalled just 17,568 sq m in Q1, the lowest level of take-up in a normalised market environment, since the GFC
- The level of Dublin office stock that is currently ‘reserved’ (66,339 sq m) remains healthy, with a number of larger deals progressing well
- Several notable buildings reached PC in Q1, including blocks 2 and 3 of IPUT’s Wilton Park and Two Grand Parade, a Hines development
- Prime Dublin nominal rents remained steady at €673 psm (€62.50 psf), with the largest deal of Q1, at 60 Dawson St., supporting this level