• Having been somewhat impacted by Covid-19 in Q2, take-up in the Dublin industrial & logistics sector reached a very healthy 71,602m2 in Q3 2020
  • This level of take-up is up 50% on the volume achieved in the previous quarter
  • Total take-up in the first nine months of the year has now reached 206,111m2, which is broadly in line with the volume achieved in the same period in 2019
  • Lettings of industrial buildings accounted for 70% of industrial take-up in Dublin in Q3 with 31 individual letting transactions signed in the quarter
  • In contrast, there were 13 sales of industrial buildings completed in the Dublin market during Q3
  • Transactional activity in the industrial & logistics sector during Q3 2020 was primarily focused on the Dublin South West (N7) and Dublin North (M2) corridors, which respectively accounted for 28% and 27% of quarterly take-up in Dublin in the quarter
  • Prime industrial rents in the capital remained stable at €110 per square metre at the end of Q3 2020 and are expected to continue to strengthen in 2021
  • Demand for industrial & logistics accommodation increased 21% quarter-on-quarter, with demand for more than 139,000m2 prevailing at the end of Q3 of which more than 70% emanates from logistics & storage providers
  • There were no industrial investment transactions extending to more than €1 million completed in the Irish market during Q3 2020
  • Prime industrial yields remain steady at 5.0% at the end of Q3 and are expected to trend stronger over coming months