Key Points

  • Take-up in the Dublin industrial & logistics sector reached 94,284m² in Q4 2018 providing a welcome boost to activity with more than 300,000m² of activity recorded during the 12-month period
  • Lettings of industrial buildings accounted for 81% of industrial take-up in Dublin in the most recent quarter and 69% of annual take-up in 2018
  • In total, there were 41 industrial transactions signed in Dublin in Q4 2018 bringing the total number of transactions signed in this sector in 2018 to 178
  • Transactional activity in the industrial sector during Q4 2018 was primarily focused on the Dublin South West (N7) corridor although a large letting boosted activity in the Dublin West (N4) corridor during the quarter
  • Prime industrial rents in the capital remained steady quarter-on-quarter, standing at at 106 per square metre at the end of Q4 but are expected to rise by up to 6.5% over the course of the next 12 months, rendering further speculative development viable in some instances
  • There was demand for almost 31,000m² prevailing at the end of Q4
  • Industrial properties accounted for 3% of total investment spend in 2018 with 15 industrial investments of more than 1 million traded during the year
  • Prime industrial yields hardened quarter-on-quarter to stand at 5.1% at the end of Q4 with some further hardening anticipated in 2019
  • Very strong demand for data centre sites at present