Dublin Office Market Overview Q3 2018

Year-to-date office letting activity is 8% higher than at the same juncture in 2017.

Summary

  1. The ESRI upgraded their economic forecast for 2018 to 8.9% from 4.7%.
  2. 562,000 sq ft transacted in Q3, bringing take-up to 2.2 million sq ft for the first nine months of the year.
  3. Prime Grade-A rents stand at €62.50 psf in Q3, unchanged for the past 12 months.
  4. Office yields remain at 4.0%, unchanged since the end of last year.
  5. Dublin 8 is seeing heightened investor activity.