What is the average Class A rent in Dublin?

Around 65 EUR/sqft/yr ($70 USD) across the broader Class A index. Trophy submarkets like Docklands & Grand Canal command 20–40% above that.

How many months of rent-free are normal in Dublin?

12 months on a 10-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

Are rents rising or falling in Dublin?

The Dublin Class A market is currently softening. Vacancy is 14.3%, which sets the negotiating context.

Headline Class A rent in Dublin is around 65 EUR/sqft/yr ($70 USD), with 12 months of typical rent-free on a 10-year term.

Headline Class A rent: 65 EUR/sqft/yr ($70 USD).
Trophy submarket rents (Docklands & Grand Canal) push to roughly €70/sqm/mo · ≈ $84.3 PSF/yr USD.
Typical concessions on a 10-year deal: 12 months free rent.
Vacancy stands at 14.3% — market trend is softening.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Dublin Class A office rents and incentives

Headline Class A rent in Dublin is around 65 EUR/sqft/yr ($70 USD), with 12 months of typical rent-free on a 10-year term.

TL;DR

Headline Class A rent: 65 EUR/sqft/yr ($70 USD).
Trophy submarket rents (Docklands & Grand Canal) push to roughly €70/sqm/mo · ≈ $84.3 PSF/yr USD.
Typical concessions on a 10-year deal: 12 months free rent.
Vacancy stands at 14.3% — market trend is softening.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Headline rent vs. effective rent

Asking rents in Dublin are quoted in EUR per sqft per year. Across the broad Class A index the figure is 65, but the trophy tier in Docklands & Grand Canal reaches roughly €70/sqm/mo · ≈ $84.3 PSF/yr USD. Always discount headline rent by the present value of free rent and fit-out-capex">tenant improvement allowance to land on effective rent — the only number that compares cleanly across deals.

Rent-free and TI

Standard Dublin concessions on a 10-year Class A lease run to 12 months of base-rent abatement. Trophy lease-ups can push rent-free 25–40% above that benchmark. Local cost-of-occupancy is also shaped by tax — 12.5% headline corporate tax on trading income; 25% on passive income. Knowledge Development Box (KDB) effective 6.25% rate available for qualifying IP income. R&D tax credit at 30% supplements.

Where rents land by submarket

Docklands & Grand Canal sits at the top end (~€70/sqm/mo · ≈ $84.3 PSF/yr USD). CBD / St Stephen's Green clears around €60/sqm/mo · ≈ $72.2 PSF/yr USD as the prime tier. Sandyford & Cherrywood represents the value end at ~€36/sqm/mo · ≈ $43.3 PSF/yr USD. The full submarket map is on the Dublin city page.

Key facts

city	Dublin
country	Ireland
region	EMEA
classARentLocal	65 EUR/sqft/yr
classARentUsd	$70/sqft/yr
vacancy	14.3%
typicalLeaseYears	10
typicalRentFreeMonths	12
submarkets	5
primeYieldPct	4.8%
trophyRent	€70/sqm/mo · ≈ $84.3 PSF/yr USD
primeRent	€60/sqm/mo · ≈ $72.2 PSF/yr USD

Frequently asked questions

What is the average Class A rent in Dublin?: Around 65 EUR/sqft/yr ($70 USD) across the broader Class A index. Trophy submarkets like Docklands & Grand Canal command 20–40% above that.
How many months of rent-free are normal in Dublin?: 12 months on a 10-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.
Are rents rising or falling in Dublin?: The Dublin Class A market is currently softening. Vacancy is 14.3%, which sets the negotiating context.

Editorial provenance

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

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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