Commercial Property

Three fifths of office space being built in Dublin has no tenant lined up

New research suggests that Dublin’s office market ‘is at or close to the bottom of its contraction post pandemic’

HWBC has forecast the majority of the activity in the Dublin office market in 2024 will be led by the finance and professional sectors, life sciences, pharma, and health. Picture: Getty

Three fifths of the office space under construction in Dublin still has no future tenant lined up, a new market review has shown.

A report by HWBC, the property consultancy, said there is 3.6 million sq ft of office space under construction in Dublin that is due to be completed by the end of next year.

At the end of last year, 43 per cent of this new office space currently under construction and due ...