Ireland’s economic difficulties have returned, with the country once again entering into recession. Exports have suffered on the back of fragile euro zone and UK demand, Ireland’s largest trading partners. However, the end of Q1 saw a large number of transactions reach agreement, and many of these finally completed in Q2, bringing the total take-up to a level on par with previous quarters – albeit this high level of activity will most likely be unsustainable quarter-on-quarter. Prime rents held onto their figures, with Dublin’s logistics sector even seeing a slight uplift.
Source : Cushman & Wakefield