• Office take-up in Dublin during Q3 2020 reached 22,194m2 bringing total take-up in the capital in the first nine months of this year to 131,263m2
  • This is more than double the volume of lettings achieved last quarter demonstrating a pick-up in leasing activity over recent months. However, take-up year-to-date is down 32% on the same period last
  • At the end of Q3 2020, almost 33,000 square metres of accommodation was reserved
  • 29 office leasing transactions completed in Dublin during Q3 bringing the total number of transactions in the year-to-date to 75, compared to 136 in the same period last year
  • The volume of overall demand fell by a further 13% quarter-on-quarter, with demand standing at more than 237,500m2 at the end of September
  • Only 14% of leasing activity in Dublin in Q3 2020 occurred in the suburbs, while 54% of city centre take-up in the quarter occurred in the Dublin 2/4 postcode
  • The computers & technology sector accounted for 33% of take-up in Dublin in Q3 with the public sector accounting for 26%
  • The overall rate of vacancy in Dublin at the end of Q3 2020 rose to 8.64% while the city centre vacancy rate rose to 8.49%
  • Prime headline rents declined by 4% quarter-on-quarter standing at €673 per square metre (€62.50 per sq. ft.) at the end of September
  • Prime office yields remain steady at 4%
  • Offices comprised 31% of investment spend in the Irish market in the third quarter of 2020 and 40% of investment in Ireland in the first nine months of the year