Cautious optimism for future of capital's ever-changing industrial market

The market improvement is masking a number of underlying weak fundamentals, writes Brendan Smyth.

20th July, 2013
An aerial view of Sandyford: industrial properties in south-east Dublin are achieving higher than average rents. Photo: Peter Barrow

The Dublin industrial market has continued to strengthen quarter on quarter, with quarter two enjoying an increase not only in the total volume of transacted space, but also the number of individual deals completed.

Furthermore, confidence in the market has been boosted by a number of large transactions by multinational companies, including the acquisition of Unit 21 in the Fonthill Industrial Park in Clondalkin, Dublin 22, by United Drug on a ten-year lease. The building...

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