Dublin Office Market Q3 2024

Q3 saw a continued rebound in leasing activity in the Dublin office market. Take-up in the last two quarters combined has outstripped the entire year of activity in 2023

The strong level of reserved stock and demand requirements are also encouraging, and sentiment is arguably its most positive since prior to the pandemic

The market is not without its significant challenges, however. The overhang of vacant and redundant stock remains, while net absorption remains low

Dublin office take-up totalled 55,150 sq m in Q3, bringing year-to-date take-up to 159,430 sq m (1.7 million sq ft). Full-year take-up will likely surpass 185,800 sq m (2 million sq ft)