• Office take-up in Dublin during Q4 2020 reached 28,106m2 bringing total take-up in the capital in 2020 to just less than 160,000 m2 - down 47% on the previous year
  • Demonstrating the extent to which Covid-19 impacted the market, 69% of total take-up in the Dublin office market in 2020 occurred in Q1
  • In total, there were 30 office leasing transactions completed in Dublin during Q4 bringing the total number of office leasing transactions in 2020 to 105
  • The volume of overall demand fell by 2% quarter-on-quarter, with demand prevailing for more than 231,000m2 at the end of 2020
  • There were no pre-letting transactions signed during the fourth quarter of the year, bringing the total number of pre-lettings signed in 2020 to 8 
  • 30% of leasing activity in Dublin in Q4 2020 and 37% for the year as a whole occurred in the suburbs
  • The overall rate of vacancy in Dublin at the end of Q4 2020 rose to 9.1%
  • Prime headline quoting rents stabilised at €645 per square metre (€60.00 per sq. ft.) at the end of the year while prime yields were steady at 4%