Commercial Property

Investor caution and higher BER demand to squeeze office market in 2024

While the Dublin office market remains difficult to predict due to a range of factors, overall letting activity is expected to be stronger

Dublin’s office market faces another year of complexity as the market stabilises

Dublin’s office market faces another year of complexity, given the range of variables influencing occupier and investor decision-making.

But there is more clarity relating to key factors such as monetary policy and the development pipeline which will drive increased letting and investor activity in 2024.

Caution and smaller deal sizes combined to bring total Dublin office market take-up to 1,382,000 square feet (about 128,392 square metres), in 2023 – the midpoint of Knight Frank’s forecast ...