Education, health and the social sector dominated the latest quarter, accounting for 32 per cent of leasing activity. Photograph: iStockLeasing activity in the Dublin office market surged in the second three months of the year, according to a new study.
The largest deal in the period involved payments group Stripe, which signed for 156,000 sq ft of office space at Wilton Park One, making it the biggest single office leasing since the fourth quarter of 2022 and a multiple of the biggest transaction in the first three months of 2024. Dublin 2 remains the most active location accounting for 54 per cent of take-up volumes, followed by Dublin 4 at 27 per cent and the M50 South at 10 per cent.
Niall Gargan, head of research at JLL Ireland, said there will be a drop off in buildings coming on to the market “especially from around 2027″. Some 3.6 million sq ft of property is currently under construction with 1.6 million sq ft expected to be completed by the second half of this year.