Wednesday October 21, 2020

5.5 per cent rise in take-up of industrial and logistics space in Dublin during Q3

However, Savills also says take-up has been hampered by an all-time low vacancy rate of just 1.9 per cent

18th October, 2020
Northwest Logistics Park in Dublin 15: new build delivered

New research from property advisor Savills Ireland has revealed that 56,824 square metres of industrial and logistics space was taken up in Dublin during Q3 – up 5.5 per cent on the same period in 2019.

In total, there were 40 transactions, 75 per cent of which were lettings totalling 38,800 square metres – reflecting the continuing lack of freehold opportunities available on the market.

This brings take-up for the year to date to 189,218 square metres which is the lowest...

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