Dublin Industrial & Logistics Q2 2024

Unlike some European markets, Dublin continued to see solid levels of take-up through 2023. However a greater decline in activity has been evident this year

Dublin take-up totalled just over 31,000 sq m (0.34 million sq ft) in Q2, 60% below the long-term quarterly average for the market

Higher interest rates and increasing rents preventing tenants from taking on new leases, along with low availability of prime stock have all been cited as catalysts for the fall in take-up

However, demand remains healthy and activity in H2 should improve, as a number of prime deals are progressing