PERIODIC RESEARCH

Occupiers took 43,000 sq m of Dublin office space in Q3. Unsurprisingly, given very sluggish activity in the first half of the year, this represented a 162% uplift on Q2. Perhaps more surprisingly, Q3 2021 was the busiest third quarter since 2018, with take-up levels 20% above the longrun Q3 average.

The fourth edition of BNP Paribas Real Estate’s Dublin retail parks analysis is now available. In this report we provide a comprehensive overview of the main retail parks in Dublin, examining ownership, occupancy rates, occupier profiles and key performance indicators.

Total office take-up for Q2 2021 reached 16,485 sq.m. While this is a significant increase on the 4,561 sq.m signed in Q1, it is still very low relative to pre-pandemic levels and represents one of the lowest quarters on record for office take-up in Dublin.

Total commercial property investment turnover reached €1.5 billion during Q2 2021, marking a 23% increase relative to the previous quarter. This brings total turnover for the first six months of the year to more than €2.7 billion; an impressive result considering Ireland was in a Level 5 lockdown until May.