• Take-up in the Dublin industrial sector reached 54,988m2 in Q2 2016, bringing total take-up in the first half of 2016 to 119,705m2, down 35% on the volume of take-up achieved in the first half of 2015
• Sales of industrial buildings accounted for 45% of industrial take-up in the quarter and 46% of transactions in the first half of the year
• In total, there were 49 industrial transactions signed in Q2 2016 of which 28 comprised sales and 21 comprised letting transactions
• Prime industrial rents increased to €85 per square metre during Q2 and are expected to increase further in the second half of the year
• Industrial properties accounted for 1% of investment spend in Q2 2016 and 1% of total investment spend in the first half of 2016
• Prime industrial yields stable at 5.75% at the mid-year point
• Brexit result may create some uncertainty for occupiers in the short-term
The importance of the food and beverage offer within shopping centres cannot be overstated. It is now one of the primary reasons for choosing where to shop; consumers are stating their primary reason to visit is for the food, and then often visit shops.