Dublin Industrial & Logistics Q3 2024

Akin to the opening two quarters of the year, leasing activity in the Dublin market remained slow in Q3

Higher interest rates and macroeconomic uncertainty are the primary factors that have led to slower corporate decision-making and a subsequent slowdown in deal closures

However, there have been a number of notable new demand requirements issued in the last quarter, and that will lead to a rebound in take-up, most likely in 2025

Dublin take-up totalled just 30,690 sq m (0.33 million sq ft) in Q3, 60% below the long-term quarterly average for the market and the lowest quarter of activity since Q1 2014