Ireland’s economy has continued to outperform since our last report. Employment is now rising by 2.9 percent per annum – the third fastest growth rate in the EU. This has contributed to increased earnings which, along with modest tax cuts over three successive Budgets and a resurgence in consumer credit, has fuelled the demand for goods. The flow of goods through the Irish economy therefore continues to increase. After a record year in 2015, Dublin Port has registered even stronger activity in 2016, with cargo volumes up 6.8% in the opening nine months. This has had a knock-on impact throughout the supply chain. Logistics firms continue to expand their fleets, with vehicle registrations up 24% in the year to Q3, while the demand for warehousing space continues to rise.
Source : Savills