Thursday 19 July 2018

Q2 sees letting of 45 Dublin offices

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Ronald Quinlan

Ronald Quinlan

A total of 163,803 sq m (1,763,160 sq ft) of office space was taken up in Dublin in the first half of 2018, according to the latest figures from CBRE Ireland.

Some 80,309 sq m (864,438 sq ft) of this year's office leasing transactions were signed in the Dublin market in the second quarter, almost matching the volume leased in the first three months.

Forty-five individual lettings occurred in Dublin in Q2, with 21 of these transactions (38pc of take-up) comprising lettings to Irish companies. Although US companies accounted for only 14 transactions, this accounted for 58pc of take-up in Q2. There were five lettings to UK companies completed in Dublin in Q2 as Brexit-related mandates continue to boost take-up.

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