For institutional fund strategies, Docklands & Grand Canal carries the strongest investor flag in Dublin, with prime yields around 4.8%.

  • Trophy submarket (Docklands & Grand Canal) carries the strongest investor flag.
  • Prime yield: 4.8%.
  • Core funds buy income; value-add buys repositioning of secondary stock.
  • Cap-rate spread between trophy and secondary has widened post-2022.

Dublin office fund strategy and flag

For institutional fund strategies, Docklands & Grand Canal carries the strongest investor flag in Dublin, with prime yields around 4.8%.

TL;DR

  • Trophy submarket (Docklands & Grand Canal) carries the strongest investor flag.
  • Prime yield: 4.8%.
  • Core funds buy income; value-add buys repositioning of secondary stock.
  • Cap-rate spread between trophy and secondary has widened post-2022.

Where core funds buy

Core capital concentrates in trophy stock with long-WAULT income. In Dublin, that's Docklands & Grand Canal and assets like Salesforce Tower Dublin, Three Park Place.

Where value-add looks

Value-add capital looks at secondary Class A and convertible Class B with repositioning angle. The trophy/secondary cap-rate spread has widened post-2022, which has reopened the value-add basis for repositioning plays.

Key facts

cityDublin
countryIreland
regionEMEA
classARentLocal65 EUR/sqft/yr
classARentUsd$70/sqft/yr
vacancy14.3%
typicalLeaseYears10
typicalRentFreeMonths12
submarkets5
primeYieldPct4.8%
primeYield4.8%
trophyAnchorDocklands & Grand Canal

Frequently asked questions

Where do core funds buy in Dublin?
Trophy submarket — Docklands & Grand Canal — and the most defensible long-WAULT assets within it.

Editorial provenance

Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

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