The industrial market was steady in Q3, with a measured level of activity. Most of the transactions over the quarter were for premises less than 1,000 sq.m, although this represented only 15% of the total quarterly take up. With the economic outlook still uncertain this has affected the industrial market with most occupiers focussing on cost cutting strategies and consolidation. However, owing to the lack of well located, high quality space, prime logistic rents have edged up over the quarter and now stand at €67/sq.m/month in Dublin.
Source : Cushman & Wakefield