Market Monitor Q3 2024
Welcome to Market Monitor Q3 2024 – Analysis of the Dublin Office & Investment Market.
At Murphy Mulhall, we are proud to release our up-to-date independent assessment of the Dublin Office provided by James Mulhall and Investment Markets by Robert Murphy.
Here’s a snapshot of what has been happening:
Dublin Office Landscape:
“The demand for “BIC” offices along with a focus on permanent arrangements and renewed RTO discussions, underscores a transformative period in how companies approach their office strategies.”
James Mulhall
- Strong Activity: Approximately 1.4 million sq.ft. take up, spanning 133 deals.
- SME Dominance: Most activity noted in the 0-10,000 sq.ft. sector.
- “Best-in-Class” (BIC): Demand on the rise for “BIC” buildings.
- Prime Location: CBD still the most active location, however, there has been an increase in demand for suburban locations.
- Return-to-Office (RTO): Discussions surrounding RTO policies have resurfaced.
Investment Overview:
“The positive sentiment towards Ireland from international investors remains strong.”
Robert Murphy
- Volume: About €1.284 billion transacted, across 84 deals.
- Prominent Lot Size: Transactions between €0-€10 million represent 58% of all deals.
- Dublin’s Centrality: Remains the hub for investments, accounting for 68%.
- Private Investors: Significant activity by private Irish investors in the YTD.
- Future Trends: Institutional investors are expected to maintain their focus on high-quality, ESG-compliant buildings across various sectors.
Want more information?
Download Market Monitor Q3 2024
We developed Market Monitor 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.
