• Take-up in the Dublin industrial & logistics sector reached 86,657m2 in Q1 2020 - a healthy volume of transactional activity despite the Covid-19 crisis that developed during March
  • Total take-up in the first quarter of the year is down 9% on the same quarter last year but 17% higher than the 5-year average
  • Lettings of industrial buildings accounted for 89% of industrial take-up in Dublin in Q1 with 24 individual letting transactions signed in the quarter
  • There were 12 sales completed in the first three months of the year, but most were relatively small with sales only accounting for 11% of total take-up in this sector during Q1
  • Transactional activity in the industrial & logistics sector during Q1 2020 was primarily focused on the Dublin North West (N3) and the Dublin South West (N7) corridors, which respectively accounted for 42% and 41% 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 Q1 2020
  • Despite the Covid-19 uncertainty that materialised during March, demand for industrial & logistics accommodation increased quarter-on-quarter, with demand for more than 135,000m2 of industrial accommodation prevailing at the end of Q1
  • 8 industrial investment transactions extending to more than €1 million completed in the Irish market during Q1 2020 totalling almost €35 million between them
  • Prime industrial yields remained steady at 5.0% at the end of Q1