The office market continued a steady recovery in Q2 with just over 500,000 Sq.ft transacted. This brings the YTD to 980,300 Sq.ft of take up from 104 deals.
Prime rents have climbed from late 50’s to early 60’s now with ESG been a driving factor for the larger deals. Once again, the CBD accounted for 80% of all deals.
There is strong demand with 1.16m Sq.ft of office stock reserved. Despite the ongoing challenges, we expect the second half of the year to continue steadily due to the large number of active requirements.
For further information please contact QRE at 01 637 55 55.