‘Correction mode’: Dublin office market expected to rebound by Q2 2024

HWBC Ireland is forecasting an uplift in office lettings in the first half of next year

Dublin office market: There were 91 deals recorded in the first six months of this year and the average deal size was 7,500 sq ft. Picture: Getty

The Dublin office market is in “correction mode” and lettings activity should rebound in first half of next year, a new report by HWBC Ireland has said.

The property consultancy said the take-up rate of office space in Dublin in the first six months of 2023 was below average compared to the past ten years, down almost a third to 678,000 sq ft.

The lack of office take-up compared to recent years has resulted in ...