Dublin Office Market Overview Q2 2020

Summary
  1. Knowledge workers have been the least impacted segment of the labour market so far
  2. Just 83,000 sq ft transacted in Q2, the largest deal being 3M’s letting of 23,900 sq ft at 2 Cumberland Place
  3. 127,000 sq ft of newly completed office stock was added in Q2 as lockdown hit new supply
  4. €257.5 million worth of investments transacted in Q2, driven by the purchase of Bishop’s Square by GLL from Hines for €183.0 million
  5. While functioning better than many expected, working from home is a poor substitute for the office workplace.
Dublin-Office-Market-Q2-2020-Cover