Figures
Dublin Office Market Q1 2025
Market Reset Almost Fully Complete; Increased Competition for Prime Dublin 2 Space
April 22, 2025 10 Minute Read
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- While the overall Dublin vacancy rate remains high, the market bifurcation is increasingly pronounced, and sentiment is highly positive for the prime segment of the market
- There has been no sign of recent global macro-instability impacting deals, but the uncertainty could weigh on decision making
- The largest deal of the quarter was at Three Wilton Park, where the big four accounting group EY exercised their option to take additional space
- Q1 take-up totalled 40,561 sq m, more than double the level seen in Q1 2024
- At the end of Q1, nearly 117,000 sq m of stock was reserved. Post quarter-end, Workday completed the letting of 38,660 sq m at College Square
- Two office buildings reached practical completion in Q1, 25 North Wall Quay and the Treasury Annex