FRI (Full Repairing and Insuring) leases dominate.

  • Typical lease length: 10 years.
  • Typical rent-free: 12 months.
  • Vacancy: 14.3%; trend softening.
  • FRI (Full Repairing and Insuring) leases dominate.

Dublin office lease norms

FRI (Full Repairing and Insuring) leases dominate.

TL;DR

  • Typical lease length: 10 years.
  • Typical rent-free: 12 months.
  • Vacancy: 14.3%; trend softening.
  • FRI (Full Repairing and Insuring) leases dominate.

Structure

FRI (Full Repairing and Insuring) leases dominate. 10-year terms with tenant break options at year 5 standard. Free rent of 9-15 months and TI of €60-€110/sqm typical.

Negotiating levers

Free rent and TI remain the most negotiable line items; landlords prefer concessions to face-rent cuts because they preserve headline rent and implied valuation. Always model effective rent (face minus PV of concessions).

Key facts

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

Frequently asked questions

What's a typical lease term in Dublin?
10 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.
How is rent quoted in Dublin?
In EUR/sqft/year. We also publish a USD-normalised view ($70/sqft/yr) for cross-market comparison.

Editorial provenance

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

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