Dublin Office Market Dynamics, Q3 2026

Q3 2026 Take-up Above Above Long-term Average: Dublin recorded office take-up of 646,000 sq ft across 51 transactions in Q3 2026, 17.2% above the five-year quarterly average of 551,000 sq ft. Year to date take-up of 1.65m sq ft is 14.5% below the same point in 2025, but reserved space of 1.17m sq ft indicates the year will end within the same range as 2025.

Grey Space Falls: Total vacancy fell to 12.1% at the end of Q3 2026, 3.8% below the 15.9% peak in Q3 2024, and stands at 9.8% excluding reserved space, below 10% for the first time since Q3 2022. Grey space fell to 1.31m sq ft, 23.6% below a year ago and 44% below its Q1 2024 peak.

Construction at lowest level since 2013: Space under construction fell 56% q-o-q to 397,000 sq ft, from 910,000 sq ft in Q2. Roughly 250,000 sq ft of this is still available to let, while Grade A+ and Grade A availability is down 15.7% from a year ago.

For additional context on findings in the latest report, download the prior Q2 2026 Dublin office market dynamics report.