Market Matters Spring 2025

Welcome to the 5th edition of Market Matters Spring 2025 – Our unique insights into the Dublin Office & Investment Market.

Here’s a snapshot of what has been happening:

Dublin Office Market:

“During 2024, I certainly felt a stronger sentiment towards RTO with in-built employee flexibility and I see this continuing into 2025.” 

James Mulhall

• The Dublin Office Market re-bounded dramatically and produced a healthy take-up level for the year (2 million sq.ft.).
• 0 – 10,000 sq.ft. occupiers continue to be the most active in the Dublin Office Market.
• Rents will begin to rise for ‘BIC’ Buildings (particularly in CBD).
• Some SME occupiers are happy to seek value in the “Best of the Rest” (BOTR) office space bracket.

Investment Overview:

“2024 set a solid foundation and as we look into 2025, there are several encouraging signs suggesting another year of growth, particularly for high-demand sectors like retail and offices, alongside a focus on sustainability credentials.”

Brian Gaffney

• The Irish Investment market saw a notable rebound in 2024. There was a marked improvement in both turnover and market sentiment.
• Retail remains the most sough-after sector and this will continue into 2025.
• Dublin remains the focus for majority of investment. Accounting for over 80% of investment by location last year.
• Foreign investors remain a crucial component of the market, accounting for over 70% of all transactions in 2024.

Download Market Matters Spring 2025

We developed Market Matters with a clear vision: to provide a straightforward resource for those looking to understand more about Dublin’s commercial property scene. Our findings reflect not just numbers, but also the collective knowledge of our team. At Murphy Mulhall, we’re always ready to help and answer any questions you might have.

For any clarifications or additional details, feel free to reach out to any of our team members. Contact Us Today.