Research

JLL Dublin Office Market Update – Q4 2023

The JLL Dublin Office Market Report examines the data and trends throughout Q4 2023.

February 02, 2024

Contributors:

Niall Gargan

The JLL Dublin Office Market Report examines the data and trends throughout Q4 2023 and provides an outlook for the market.

Slowing economic growth and elongated occupier decision making are likely to impact the pace of leasing activity in early 2024. However, improving growth prospects, an uptick in viewings and new tenant requirements, upcoming lease expiries and ESG agenda, will all support the growing demand for high quality space as the year progresses. Overall vacancy will continue increasing throughout the year as new supply comes to the market. However, we expect the focus to be on Grade A/Grade A+ space where a lack of availability is anticipated as occupiers decide to relocate to best in class buildings.

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