Dublin office vacancy rate ticks up as prime new spaces come on stream 

Total space leased to date this year is 22% ahead of the same period in 2023

There were 47 transactions over the three months to the end of September with the average lease size standing at 1,020 sq m.

The office vacancy rate in Dublin rose to 15.7% between July and September despite a surge in new leases agreed compared to the same period last year, a report by BNP Paribas Real Estate (BNPPRE) has found.

The report found that during the quarter, 48,000 sq m of office space was leased in the capital which is 66% higher than the same period last year.