2024-05-07-莱坊-Dublin_Industrial_Market_March_2024_2页_53kb

Dublin Logistics and Industrial Market Summary (Q4 2023)

• Occupier Trends: In 2023, total take-up reached 304,585 sq m, led by the 3PL sector with Wincanton's large deal of 26,674 sq m at Building Two, Greenogue Logistics Park. Average deal size was about 2,700 sq m, with demand concentrated in the South-West (60%) and North-West (36%) regions.

• Investment Activity: New development started at €508.3 million, with a low vacancy rate of 1.9% at year-end. Prime rents increased by 8.5% to €140 per sq m psm, driven by market resilience despite global uncertainties.

• Key Drivers: ESG goals and automation boosted demand for modern facilities, with 57% of take-up being new builds or pre-lets. Investment in logistics outpaced other sectors, contributing significantly to Irish property markets.

• Outlook: Robust demand in 2024 is expected to continue pushing up prices and rents, with limited supply available due to tight construction pipelines.