• Office take-up in Dublin during Q3 2019 reached 40,589m2, bringing total take-up in the first nine months of 2019 to 192,790m2
  • In total, there were 37 office transactions signed in Dublin during Q3 bringing the total number of office deals signed in the first three quarters of the year to 136, compared to 105 in the first nine months of 2018
  • There were two transactions extending to more than 4,645 square (50,000 sq ft) signed in the quarter but no transactions of more than 9,290 square metres (100,000 sq ft) signed in the 3-month period
  • 2 pre-letting transactions were signed during Q3, accounting for 25% of overall take-up in Dublin in Q3 between them
  • Take-up in Q3 was evenly split between the city centre and the suburbs with exactly 50% of office take-up in the three-month period occurring in the suburbs, of which 78% occurred in the south suburbs specifically
  • The financial services sector accounted for the largest proportion (30%) of take-up in Dublin during Q3
  • Overall demand fell slightly quarter-on-quarter, but nevertheless stood at a very healthy 388,600m2 at the end of Q3 2019
  • With more than 153,000 square metres of accommodation reserved and due to sign, a bumper Q4 is in prospect if these transactions complete before year-end
  • 4% of take-up in the Dublin office market during the first three quarters of 2019 was to flexible office providers
  • The overall rate of vacancy at the end of Q3 was 5.32%, down from 5.65% the previous quarter while the city centre vacancy rate stood at 3.9% at quarter end
  • Prime headline rents remain stable at €700 per square metre (€65 per sq. ft.) at the end of Q3 2019