Long-term vacancy issues plaguing new office stock in Dublin - Lisney

Research shows over 34 per cent of the 231,500 sq m of new accommodation completed in 2022 still available

The trend of surging office vacancy has been driven this year by a string of newly-completed large office blocks that are without tenants. Picture: Getty

Dublin’s office vacancy rate surged in recent months as owners of new office block struggle to find new tenants, new research by Lisney, the real estate agency, has shown.

At the end of June, the city’s headline office vacancy rate was 15.7 per cent, up from 13.8 per cent at the end of March. The vacancy rate in the Dublin office market was 6.9 per cent in the first quarter of 2020.

The trend of ...