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Dublin Office Market Q2 2021

Ronan Corbett • 27/07/2021

The Dublin office market experienced an interesting second quarter to 2021. On the demand side, take up was, as expected, low with just 19,150 sq m occupied. This brings total take up to 39,885 sq m at the mid-point of the year, compared to the long-run H1 average of 81,880 sq m. 

However, outside of take up, a story of improved demand in the market is more evident. A total of 13,800 sq m was signed in the second quarter, up from the stark low of just 2,185 sq m in the first quarter

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Latest research from Cushman & Wakefield reveals an interesting quarter for the Dublin office market. Take up in Q2 2021, as expected, continued to struggle with just 19,150 sq m occupied. However, outside of take up, the story of improved demand is best reflected in reserved figures once again, along with a rise in requirements and viewings.

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