Commercial Property

Good year for industrial and logistics market to continue into 2023

One of the most prominent pre-lettings in 2022 was Maersk’s acquisition of over 250,000 square feet at Iput’s Quantum Distribution Park

Rohan Holding’s Contrail House in Dublin Airport Logistics Park, which was acquired by American pharmaceutical company Yourway as its flagship depot

The industrial and logistics market continued to perform strongly in 2022, typified by robust occupier demand and extreme stock shortages.

The third quarter of 2022 saw record take-up, representing almost half of year-to-date (YTD) transactions and as of November, the industrial and logistics property market has already exceeded the five-year average in terms of total take-up.

Notably, pre-lettings account for half of Ireland’s 2022 market take-up, totalling almost 1.3 million square feet across 14 buildings.