The Dublin office market recorded total take-up of approximately 1.08 million sq. ft. in the first half of 2025. This is just below the 1.1 million sq. ft. achieved during the same period in 2024, and around 20% lower than the five-year H1 average of 1.35 million sq. ft. While this reflects a slightly more subdued leasing environment, several indicators continue to point to a resilient market, with growing emphasis on quality, efficiency, and long-term suitability.
Prime Grade A rents remain steady at around €60–€65 per sq. ft., reflecting sustained demand for modern office space with high technical specifications. The volume of new deals and a strong pipeline of reserved space (1.1 million sq. ft.) point to continued demand. The strength of this underlying demand should continue to provide stability and resilience within the Dublin office market.
For further information please contact Brian Kelly, David O'Malley, Conor Whelan, Jonathan D., Kim Moran.