Commercial Property

Drop in demand among Big Tech drives further decline in Dublin office market

Research from BNP Paribas shows office take-up in the capital tumbled two-thirds in Q3 from year prior

Dublin office market: Q3 contraction was driven by a seismic reduction average deal size, which fell from 1,510 square metre to 655 square metre

Declining demand among large tech firms and remote working have fuelled further contraction in the Dublin office market, according to BNP Paribas Real Estate, with office vacancy in the capital rising to 12.5 per cent in the three months to September.

New research from the global real estate and financial services company has shown that office take-up in the third quarter of this year declined sharply, down two thirds compared with the same period last ...