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ARTICLE · 17 JANUARY 2025

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Real Estate - What's Another Year?, January 2025

As occupiers continue to reassess their space requirements, we expect a continued focus on sub-letting of ‘grey space' in 2025.

IrelandReal Estate and Construction

Commercial Landlord and Tenant

Sub-Letting of Grey Space

As occupiers continue to reassess their space requirements, we expect a continued focus on sub-letting of 'grey space' in 2025. Another year has passed without judicial commentary on the provisions of Section 78 of the Landlord and Tenant (Amendment) Act 1980, which may allow sub-tenants to remain in possession after termination of a head lease – even in the case of a default by the head tenant.

View our video: Vacant Office Spaces - The Challenges for Landlords and Tenants - Arthur Cox LLP.

As occupiers continue to reassess their space requirements, we expect a continued focus on sub-letting of 'grey space' in 2025.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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