Commercial property
Regional cities enjoy tight market for logistics premises
Economic growth and supply-chain problems have seen demand surge, raising prices for rental of facilities in Cork, Galway, Limerick and other urban centres
A shortage of industrial and logistics properties and surging demand is benefiting not just regional cities, but also towns.
The surge in economic growth, IDA-backed job creation, and the switch to online shopping have combined with supply chain problems to boost demand for more storage.
Cork has been particularly impacted, with a vacancy rate of only 3 per cent. Kate English of Cushman & Wakefield said that while there had been a slight improvement in ...