Dublin office market operating more freely in Q2, says Lisney

Third lockdown continues to have impact on office sector with transactional levels light at just 15,100 square metres, report shows

According to Lisney, the third lockdown continued to have an impact on the market in Q2 with transactional levels remaining light. PIcture: Lisney

Second quarter analysis conducted by Lisney has revealed that the Dublin office market began to operate more freely in Q2, albeit coming from a very low base.

“While transactions remained relatively low, the amount of accommodation reserved grew over the quarter and is a positive indicator for activity in the second half of the year and into 2022,” said Lisney director and head of research Aoife Brennan.

“The vacancy rate has increased by 3.7 percentage ...