Operators adapt flex-offices to capture occupier demand post-pandemic

Robust levels of activity in the Irish commercial property investment market continued in Q1 2022 with €762 million invested across 31 transactions. This represents a decline of 37% relative to Q1 2021 – a factor of a limited supply of core investment opportunities as opposed to low demand.

Dublin’s office market continued to perform well in Q1 with take-up reaching 481,230 sq. ft. across 45 lettings. This is almost ten times the level recorded in Q1 2021 and is the second-highest quarterly total recorded since the pandemic began.

A fresh new start to 2022 with restrictions lifted and hopefully a clear road ahead. So far in the early part of the year it would appear that demand is as strong now as it left off at the end of 2021.