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Dublin Office Market Q1 2026

Continued Activity Despite Economic Uncertainty

April 16, 2026 9 Minute Read

Q1 2026 CBRE Ireland Offices Report_1080x1080px

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Despite elevated geopolitical uncertainty linked to the Iran conflict, occupier demand and rental momentum have remained intact in Q1.
Q1 office take‑up reached 38,035 sq m across 44 deals, representing a solid start to the year albeit marginally below 2025 (40,561 sq m).
The largest deal of the quarter was signed by MetroLink (TII) at Building 2, Coopers Cross (4,650 sq m).
Nearly 88,000 sq m of office space is now reserved, with around half concentrated in Dublin 2, highlighting continued core CBD demand.
Prime headline rents in ongoing negotiations are moving beyond €700 psm (€65 psf) and pointing towards materially higher benchmarks for best‑in‑class space.
160 Townsend (9,547 sq m) reached practical completion in Q1.
Office investment volumes totalled €113m and, despite challenging debt market conditions, pricing on ongoing prime transactions is trending inside our current prime yield.

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