Key Points

  • Take-up in the Dublin industrial & logistics sector reached only 37,330m² in Q2 2018
  • Total take-up in the first half of 2018 reached 108,925m²
  • Lettings of industrial buildings accounted for 74% of industrial take-up in Dublin in the most recent quarter
  • In total, there were 42 industrial transactions signed in Dublin in Q2 2018 of which 25 comprised lettings and 17 comprised sales, bringing the total number of transactions signed in H1 2018 to 98
  • Transactional activity in the industrial sector during Q2 2018 was primarily focused on the Dublin South West (N7) corridor which accounted for 40% of Q2 take-up
  • Prime industrial rents in the capital remained steady quarter-on-quarter at €102.20 per square metre at the end of Q2 but are expected to rise by up to 8% in the second half of the year
  • There was demand for almost 64,000m² prevailing at the end of Q2
  • Industrial properties accounted for only 1% of total investment spend in the first half of 2018 with no sizeable industrial investments traded in Q2
  • Prime industrial yields remain stable at 5.5% at the end of Q2
  • Very strong demand for data centre sites at present