Office leasing activity in Dublin remains near record levels

Office leasing activity in Dublin remains near record levels on foot of strong employment growth and speculation of a spill-over from London in the wake of Brexit decision.

Property consultants CBRE has published statistics showing more than 245,000sq m of commercial space was leased in 2016. The agency noted the 10-year average take-up of offices in the capital is approximately 172,000sq m per annum.

Activity was strongest in the third quarter of the year, it said.

However, it added a number of significant lettings were concluded in the fourth quarter including the letting of 7,632sq m at Ballymore’s Dublin Landings scheme at North Wall Quay in Dublin Docklands to the NTMA.