Dublin Office Market Overview Q4 2018

Facebook’s 870,000 sq ft mega deal at Ballsbridge drives annual take-up to the highest level ever achieved.

Summary
  1. Ireland was the fastest growing economy in Europe for a fifth consecutive year in 2018, expanding by an estimated 6.8%.
  2. Take-up reached 3.9 million sq ft in 2018 – the highest level ever.
  3. Prime Grade-A rents remained unchanged in 2018 at €62.50 psf
  4. Prime yields remained stable at 4.00% throughout 2018.
  5. 2.0 million sq ft of office space was completed in 2018 with 2.2
    million sq ft projected for 2019.