CBRE NI’s latest Belfast Office Market Report provides a comprehensive overview of market performance in the first half of 2025.

Key insights include:

• Belfast recorded 139,560 sq ft of office take-up across 21 deals, marking a 22% drop from H2 2024.
• Despite this decline, the average deal size rose by 7.5% to 6,646 sq ft, reflecting a shift in occupier priorities toward larger, higher-quality space.
• Occupiers are increasingly prioritising modern, ESG-compliant buildings with strong energy performance credentials.
• Developments such The Ewart, which is currently over 80% let, exemplify the success of best-in-class buildings in attracting tenants.
• Total available office space stands at 1.17 million sq ft, down 7.5% since H2 2024.
• This decline is partly due to older, secondary buildings being earmarked for alternative uses such as residential or mixed-use redevelopment.