JLL Dublin Office Market Update – Q3 2023

The JLL Dublin Office Market Report examines the data and trends throughout Q3 2023 and provides an outlook for the market.

The market is experiencing a slowdown in activity due to various sector specific challenges. These include rising interest rates, discussions surrounding the future of the workplace, and the rebalancing of the tech sector. However, it is becoming clear that occupiers are looking beyond the current cycle, and there is a growing demand for "best in class" office space. There is a limited supply of this type of space in the city, and the pipeline for further stock to enter the market in the short term is equally as limited. The undersupply of this most sought-after quality space will heat the market again once this period of uncertainty passes.