Commercial Property

Dearth of industrial assets drives up prices with large deals expected for H2 2024

A lack of prime assets is leading investors to seek logistics space in industrial parks outside of the Greater Dublin Area

Palm Capital’s Momentum Logistics Park on the M7 corridor close to Naas

Agents remain optimistic about the outlook for Dublin’s industrial property market despite a drop in capital values during the first quarter of this year.

The authoritative MSCI /SSI IPD index showed rents in the sector rose 2 per cent during the quarter while capital values fell 1.7 per cent.

Agent Cushman & Wakefield said that prime rents for the Dublin market “remain strong, with the best buildings achieving €135 per square metre at the end ...