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There is now a growing sense that we are beginning to see a real turnaround in Ireland’s economic fortunes. The latest national accounts show that overall GDP increased by 1.7% in Q3 2013. The manufacturing component of GDP, which is a critical driver of the demand for industrial space, rebounded even more strongly with annual growth of 2.1%. This led to the market for industrial property strengthening throughout 2013, and culminated in a take-up figure of 274,000 sq. m. for the year – a new record for the Dublin market.
Source : Savills
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