In the wake of increasing demand, 2016 saw the Irish industrial occupier market considerably hampered by a lack of good quality product. Transaction activity in total stood at approximately 321,350 sq m across the four regional markets of Dublin, Cork, Limerick and Galway, a decline of 48% on 2015.
However, despite lower transaction activity, sentiment in the market place is positive. As rental value growth drives strong returns, investors continue to play an increasingly larger role in the market. The latest IPD index results highlight the industrial market as the best performing of the three core sectors in 2016, with total returns of 19%.
Source : Cushman & Wakefield