Market Monitor | Dublin Office Market Spotlight Q3 2026

Welcome to the Q3 2026 edition of our Dublin Office Market Spotlight.

At Murphy Mulhall, we are pleased to present our latest independent assessment of the Dublin office market, prepared by James Mulhall and Rebecca Breen. Our Q3 report highlights the key trends, occupier activity and market dynamics shaping Dublin’s Office Market.

Key Stats:

  • Q3 2026 Take-Up: 493,812 sq.ft. across 49 x deals
  • Year-to-Date Take-Up: Approximately 1.35 million sq.ft. across 143 deals, down 30% year-on-year
  • Pipeline Activity: Approx. 1.09 million sq.ft. in legals at the end of Q3
  • SME Demand: The 0-10,000 sq.ft. size range continues to dominate the market by deal count

How do you see the Dublin Office Market finishing the year?

“Assuming a good proportion of the 1 million sq.ft. currently in legals converts before year-end, I expect Dublin Office Take-Up to finish at around 2.3 million sq.ft. for the year. This would represent another strong year. (2.48 million sq.ft. in 2025). What’s particularly encouraging (from both a market & economic perspective) is the continued level of activity from SMEs. There is a healthy volume of transactions being completed and, importantly, occupier demand remains strong in this space. The real challenge is not demand, but supply of quality options (not just Best in Class though). Increasingly, it’s the availability of the right space, rather than demand itself, that’s driving occupier decisions”.

James Mulhall

Download Market Monitor Dublin Office Market Spotlight Q3 2026

Market Monitor/Market Matters