Market Monitor Spring 2026

Welcome to Market Monitor Spring 2026 – Analysis of the Dublin Office & Investment Market.

At Murphy Mulhall, we are proud to release our up-to-date independent assessment of the Dublin Office provided by James Mulhall and Investment Markets by Robert Murphy & Brian Gaffney.

Here’s a snapshot of what has been happening:

Dublin Office Market: 

“Stronger RTO protocols (and a gradual acceptance of these by the staff ), improved business confidence (amidst constant economic uncertainty rhetoric / US economic tariff threats) and a dwindling supply of BIC options (for larger 50,000 sq.ft.+ occupier, caused occupiers to sharpen their focus on their office footprint and timelines for taking space”.

James Mulhall

• Significant Annual Growth: Take Up increased 26% on 2024. Take Up approx. 2.48 million sq.ft. (206 deals)
• SMEs Lead Again: 74% of all deals 0-10,000 sq.ft. (152 x deals)
• CBD Dominance: Clear location of choice (38% / 74 x deals)

Investment Overview:

“The Irish commercial real estate market enters 2026 with renewed stability, improving macroeconomic conditions, and strengthening investor confidence, although global volatility and sector-specific pressures remain. As pricing clarity improves, capital deployment is set to rise, with core and private investors, particularly German, expected to re-enter the market”.

Brian Gaffney

• Most Active Lot Size: €0–5 million bracket (47% of all deals).
• Office Sector Strength: Approx. €659 million deployed (27% of total 2025 spend)
• 2026 Outlook: Industrial & logistics & Living Sector will lead activity. Offices & Retail continue to attract interest

Want more information? 

Download Market Monitor Spring 2026