Figures
Dublin Office Market Q1 2026
Continued Activity Despite Economic Uncertainty
April 16, 2026 9 Minute Read
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- Despite elevated geopolitical uncertainty linked to the Iran conflict, occupier demand and rental momentum have remained intact in Q1.
- Q1 office take‑up reached 38,035 sq m across 44 deals, representing a solid start to the year albeit marginally below 2025 (40,561 sq m).
- The largest deal of the quarter was signed by MetroLink (TII) at Building 2, Coopers Cross (4,650 sq m).
- Nearly 88,000 sq m of office space is now reserved, with around half concentrated in Dublin 2, highlighting continued core CBD demand.
- Prime headline rents in ongoing negotiations are moving beyond €700 psm (€65 psf) and pointing towards materially higher benchmarks for best‑in‑class space.
- 160 Townsend (9,547 sq m) reached practical completion in Q1.
- Office investment volumes totalled €113m and, despite challenging debt market conditions, pricing on ongoing prime transactions is trending inside our current prime yield.