Dublin Office Market — Review and Outlook 2025
Savills Research's 2025 Dublin office market review reports that Dublin 2 vacancy increased from 5.7% in 2021 to 16.3% by end-2024, but is expected to tighten significantly as grey space absorption accelerated in 2024 and 55% of newly delivered pipeline is already reserved. Prime benchmark rents in the CBD grew 4% year-on-year to €65.00 psf in Q4 2024—the first quarterly increase since Q2 2022—with the report projecting continued rental growth driven by occupier demand for high-specification, centrally located ESG-compliant stock and an expected surge in letting activity in 2025 underpinned by substantial pre-let commitments including Workday's 416,000 sq ft reservation.
Published by Savills. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Provenance
- Publisher
- Savills
- Obtained from
- Unknown: source not established
- Published
- Dec 31, 2024
- Last updated
- Jun 28, 2026 (1 month ago)
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