Dublin Office Market Overview Q1 2020

Strong opening start to 2020 masks the severe disruption
to the real estate market that is currently being caused by the
outbreak of Covid-19

  1. 817,000 sq ft was let in what was the second strongest opening quarter ever.
  2. The vacancy rate declined to 6.5%, down from 7.0% a quarter earlier.
  3. The TMT sector was the main driver of activity, comprising
    91% of the entire space let.
  4. €363.9 million worth of office investments changed hands
    in Q1.
  5. Real estate markets across the globe hit by Covid-19 exogenous shock.