Industrial
National take-up improved quarter-on-quarter to approximately 62,500 square metres in Q2, bringing first-half take-up to 114,500 square metres. Dublin continued to dominate activity, accounting for more than 90% of space transacted, supported by several large occupier deals. Regional markets were quieter, with limited availability continuing a constrain activity in a number of locations.
Office
Dublin office take-up in the first quarter of 2026 came in at approximately 37,200 square metres, a solid performance albeit one slightly below Q1 2025 and the most recent five-year Q1 average. Dublin take-up was again driven by the CBD which accounted for around 70% of the Dublin Q1 total.
Retail
Coming into the second half of the year, the retail sector maintained a strong investment story with just over €94 million transacted across a total of 9 deals, resulting in an average deal size of just over €10.4 million. This was a drop of 41% on last quarter and 65% on last year, two particularly strong quarters.
Hospitality
The Irish hotel investment market remained strong in the first half of 2025, with transactions totaling around €375 million. Major Dublin deals dominated activity including the €86 million sale of the Ruby Molly hotel by ESR Group to German investor Deka Immobilien. Leased to Ruby Hotels Group.
Investment
Irish investment spending reached a total of approximately €699 million, up compared to Q2 and 18% stronger than the total twelve months previously. In fact, the third quarter total by value was the best Q3 performance since 2022.
Development Land
Development land turnover grew almost 80% in H1 2026 to €478 million. The Greater Dublin Area (GDA) captured 86% of market activity in H1. Residential land led investment with €228m while mixed use sites worth €205 million also traded in the period. The main deals included the transactions for Camden Yard, Merchants Yard and Edmondstown in Dublin. Over half the deals by volume were over €50m+ but by number of deals the most common deal size was €1-5m.
