Regional offices see increase in take-up
1 Horgan’s Quay in CorkIreland’s regional office markets saw total annual take-up of 59,000 sqm during 2025, an increase of 62pc on 2024 levels according to the latest Cushman and Wakefield regional office market-beat.An exceptionally strong first half was followed by a return to more typical demand levels in the second half of the year. Cork continued to outperform Limerick and Galway as the rebel city accounted for almost three quarters of annual take-up, supported by sustained demand for modern city centre office space.Notable second-half deals included Qualcomm’s lease of 3,425 sqm at 1 Horgan’s Quay in Cork and Datavant securing 1,346 sqm at Bonham Quay in Galway. Tom McCabe of Cushman says that enquiry levels in both Galway and Limerick Shannon moderated the second half of 2025 and into early 2026, “signalling a more cautious near-term stance from occupiers in these markets”.Availability continues to tighten across most regional markets. In Cork availability fell to 10.6pc in Q4 2025, its lowest level since Q2 2023.He also notes demand for quality in central locations which has contributed to a steady increase in prime rents to €430 per sqm across all regions.Prime yields have moved out across the regions.
