At a Glance: Dublin Office Market Year in Review
Dublin office market take-up reached 1,441,000 Sq.ft. for 2023. This take-up figure represents a 45% decrease on 2022 and a 56% decrease on Q3 2019 (pre-covid). Despite this however, the number of transactions remained steady with 202 transactions completing in 2023, compared to 219 in 2022 and 204 deals completing in 2019.
Smaller office space continues to dominate the market with 62% of transactions falling in the < 5,000sq.ft. range. The average deal size for the year reached 7,134.1 sq.ft. (-41% on 2022). There is currently 751,456 sq.ft. of space currently reserved in the capital across 77 transactions.
