Covid-19 and Brexit boost demand for warehousing

Letting was brisk, but a lack of supply of suitable modern warehousing was the only thing holding back what was a very busy sector in 2020

13th December, 2020
Covid-19 and Brexit boost demand for warehousing
Iput Real Estate Dublin is targeting LEED Gold for its new 11,150 square metre warehouse in Aerodrome Business Park, due for completion in July 2021

This time last year, an acute warehousing supply gap was predicted for 2020 as the stock of second-hand properties continued to diminish and developers delayed new construction due to the uncertainty surrounding Brexit.

This proved to be correct, but the expected upward pressure on rents during the year, particularly for second-hand stock, surpassed expectations due to the oversized influences of both Covid-19 and the anticipated ending of the Brexit transition period.

Take up in Q1 was...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Families put a premium on suburban living

Organisations join forces for conference on climate action and sustainability

Hugh Wallace: We must all be champions of Ireland’s great rural revival