Key Points

  • Office take-up in Dublin reached 80,309m2 during Q2 2018, bringing total take-up in the capital in H1 2018 to 163,803m2
  • 45 office transactions signed in Dublin during Q2 compared to 60 transactions signed in Q1 although take-up was broadly similar in each quarter
  • There were 5 pre-letting transactions signed in Q2 bringing the total number of pre-lets in the first half of 2018 to 8
  • Lettings to computers/technology companies accounted for 42% of take-up in Dublin in Q2 
  • More than 15% of office take-up in Dublin in the first half of 2018 was to co-working/flexible tenants such as WeWork
  • Prime headline rents remain stable at €700 per square metre (€65 per sq. ft.) at the end of the second quarter of 2018
  • Prime office yields also remain stable at 4% at the end of Q2 2018
  • Office demand at record high with requirements for more than 360,000m2 active at present