Summary and analysis of Dublin's current office real estate market conditions.
Insight
Dublin Office Market Dynamics, Q2 2025
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Dublin Office Market Sees Significant Leasing Increase: Dublin's office market experienced a substantial (49%) increase in leasing volumes in Q2 2025 compared to the previous quarter, driven largely by a major deal with Workday.
Tech Sector Showing Signs of Stabilisation: Recent tech deals, including Workday's large lease (416,000 sq.ft.), suggest the tech sector is stabilising in a post-pandemic landscape and reaffirming Dublin's status as a tech hub.
Supply of Premium Office Space to Tighten: With limited new construction expected beyond 2027, and 76% of the 1.6 million sq.ft. currently under construction already pre-let, Dublin will face a shortage of prime office space within the next 18-24 months. This scarcity will likely drive rental costs up, especially for high-quality, ESG-compliant properties.