Figures
Dublin Office Market Q4 2024
Take-Up Increases 66% in 2024; Vacancy Rate has Peaked
January 13, 2025 10 Minute Read
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- Dublin office take-up totalled close to 51,000 sq m in Q4, bringing full year take-up to just over 210,000 sq m
- Annual take-up rose 66% year-on-year from 2023, signifying the renewed occupier confidence in the market
- Reserved space at the end of Q4 totalled nearly 133,000 sq m. Demand requirements remain robust at nearly 200,000 sq m
- The Dublin office vacancy rate is now 18.6%, but vacancy appears now to have peaked and will decline through 2025