Dublin’s vacant office space will peak at 15% due to tech slowdown and remote working

BNP Paribas Real Estate Ireland (BNPPRE) predicts a challenging year as a surge in supply has come at a time of reduction in some sectors

Facebook parent Meta has opted to sublease its space in Fibonacci Square in Ballsbridge. Picture: Fergal Phillips

The amount of vacant office space in Dublin will peak at 15 per cent later this year or early 2024 due to an increase in remote working, the tech sector’s slowdown and a surge in supply, according to a new report.

The BNP Paribas Real Estate Ireland (BNPPRE) analysis said that there was “solid activity” last year with leasing up 63 per cent on 2021, but that this year would be more challenging.

Dr. John ...