Industrial & Logistics
The first quarter of the year saw a slight improvement in take-up levels compared to Q4 2024 with approximately 50,700 square metres of space taken across 23 deals. In a historical context though take-up in the Dublin industrial market remains at something of a low ebb – over the past twelve months it has amounted to approximately 159,000 square metres, well below levels seen in recent years.
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Office
Q4 take-up reached approximately 67,800 square metres across 69 deals and around 53% of the space taken up was within the CBD. Demand was well diversified across a number of sectors with the technology, legal, financial and healthcare sectors all featuring prominently. The largest leases included Maples which took up approximately 6,900 square metres at 75 St. Stephens Green, Novartis which leased around 3,800 square metres at Termini and Cognizant which took approximately 3,000 square metres in East Point Business Park.
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