Dublin Office Market Dynamics, Q4 2025

Dublin Office Market Records Strong Finish to 2025: Dublin recorded office take-up of 2.67 million sq.ft. in 2025, the strongest annual performance since 2019. The year was anchored by one of Europe’s largest office leasing events, with Workday’s 416,000 sq.ft. commitment at College Square, alongside a strong Q4 finish that was 26% above the five-year quarterly average.

Best-in-Class Supply Continues to Tighten: Vacant Grade A+ space declined by 33% in 2025, while combined Grade A+ and Grade A availability fell by 52%, signalling a rapidly tightening market for best-in-class accommodation and increasing upward pressure on prime rents.

Sublease Absorption Tightens Prime Supply: Vacant sublease and assignment space has fallen by almost 700,000 sq.ft. since early 2024, with absorption concentrated within Grade A+ and Grade A buildings, further tightening best-in-class availability.