• Take-up in the Dublin industrial & logistics sector reached 77,629m2 in Q2 2019, bringing total take-up in the first half of 2019 to 173,252m2 - up almost 60% on the same period last year
  • The volume of activity recorded in the first half of 2019 masks the volume of underlying activity in the sector at present with several large transactions due to sign in H2 2019
  • Lettings of industrial buildings accounted for 74% of industrial take-up in Dublin in Q2 and 70% of take-up in the sector in the first half of 2019
  • In total, there were 37 industrial transactions signed in Dublin during Q2 of which 28 comprised lettings and 9 comprised sales - this brings the total number of transactions in the first half of 2019 to 70
  • Transactional activity in the industrial sector during Q2 2019 was primarily focused on the Dublin South West (N7) and the Dublin North West (N3) corridors, which accounted for 35% and 33% of quarterly take-up in Dublin respectively in the quarter
  • Prime industrial rents in the capital remained steady quarter-on-quarter, standing at €106 per square metre at the end of Q2 but are expected to rise by as much as 6.5% by year-end
  • There was demand for almost 107,000m2 of industrial & logistics accommodation prevailing at the end of Q2, down slightly on the previous quarter as a result of some requirements being fulfilled
  • Three industrial investment transactions extending to more than €1 million completed in the Irish market during Q2 2019 of which two were located in Dublin
  • Prime industrial yields remain steady at 5.1% at the end of Q2