Industrial
Supply demand balance should help cushion against a more volatile trade environment. The US government’s announcement of reciprocal tariffs against countries in early April was a key development for the industrial sector in Q2. In recent weeks risks have risen that EU countries will face a tariff rate of around 30% although we are conscious that the background to negotiations is an extremely fluid one.
Office
The Dublin office market saw a robust start to 2025, with take-up of 42,800 sq m across 48 deals. Demand was well-distributed across sectors, led by technology (26%), financial services, professional services, and medical/health services. Major transactions included EY (5,100 sq m at Wilton Plaza), Apple (3,500 sq m at 4/5 Park Place), and Blackrock (2,000 sq m at Glencar House). 75% of activity was concentrated in the CBD.
Retail
Retail was the most attractive sector for investors, with €272m invested in Q1 2025, including the €220m Oaktree Portfolio sale. High Street properties also saw strong demand, with several transactions on Grafton and Henry Streets. New store openings from major retailers and active requirements from brands like Best Menswear, Regatta, and Skechers underscore continued occupier appetite.
