• Take-up in the Dublin industrial & logistics sector reached 52,045m2 in the first quarter of 2021
  • Lettings of industrial buildings accounted for 73% of industrial take-up in Dublin in Q1 with 20 individual letting transactions signed in the quarter
  • In contrast, there were 12 sales of industrial buildings completed in the Dublin market during the first quarter of the year, making up the remaining 27% of take-up in Q1 between them
  • Transactional activity in the industrial & logistics sector during Q1 2021 was primarily focused on the Dublin South West (N7) and Dublin North (M2) corridors, which respectively accounted for 45% and 37% of quarterly take-up in Dublin in the quarter
  • Prime industrial rents in the capital remained stable at €113 per square metre during Q1 2021 but are expected to increase further later this year
  • Demand for industrial & logistics accommodation more than doubled quarter-on-quarter, with demand for more than 185,000m2 prevailing at the end of Q1
  • Investor demand has also increased quarter-on-quarter. There were 7 industrial investment transactions extending to more than €1 million completed in the Irish market during Q1 2021 with industrial investments extending to more than €83.5 million in the three-month period - accounting for 7% of total investment spend in the Irish market in Q1
  • Prime industrial yields reached 4.25% in April 2021 having compressed by 50 basis points during Q1 as a result of the weight of capital targetting investment opportunities in this sector