Dublin Office Market Overview Q3 2019

Weakest consecutive quarters of growth since 2012 set against a mixed economic backdrop.

Summary

  1. Ireland is to be the fastest growing economy in Europe for a sixth consecutive year in 2019.
  2. The last six months of take-up were the weakest since 2012, but the previous six-month period was the strongest on record ever.
  3. 1.9 million sq ft is due to be delivered in 2019 which is approximately in-line with the preceding two years when 2.0 million sq ft was completed.
  4. €412.9 million worth of office investment transactions took place in Q3, the majority of which was accounted for by the sales of Five Hanover Quay and Nova Atria