Dublin Office Market, Q2 2026

569,000 sq ft was let in Q2 2026, bringing total take-up for the year to date to almost 960,000 sq ft.
With just over 1m sq ft reserved, Knight Frank forecast that total take-up could be at or ahead of our forecast range of 2.2m – 2.4m sq ft for the year as a whole.
State Street’s decision to take close to 80,000 sq ft at 2 Grand Canal Quay in Dublin 2 was the largest letting in the Financial Services sector and the largest deal of Q2. The largest TMT deal was cloud-based workflow management company, Asana’s decision to take almost 28,000 sq ft in The Sidings in Dublin 2.
Q2 activity further compounds the trend the occupiers have a clear preference for space in Dublin 2, with 56% of total space let located in Dublin 2.
The supply story remains a key focus. 77% of space that is due to complete by the end of 2026 is already pre-let.
Prime rents are forecast to reach €70 psf by year end and to range from €75-€80 for pre-lets.
Strong occupier and economic fundamentals are supporting office investment activity with the purchase of One Molesworth by MEAG for €110m, not only the largest deal of the quarter, but the largest since 2022.
The availability of assets to the market is fast becoming one the of the biggest constraints to office investment market activity.

Joan Henry, Chief Economist & Director, Research, Knight Frank Ireland