Dublin shows a healthy industrial space take-up
The level of take-up of space in the Dublin market industrial showed a healthy increase in the last three months with almost 67,000sqm occupied according to two agents Savills and CBRE.
Savills say this is the highest quarterly take-up in two years. It brings the first half take-up to almost 91,000sqm. The largest deal was the letting of 22,000sqm at Kilcarbery in Dublin 22 to BWG Foods.
Savills report vacancy levels continuing to depress rents with prime rents now in the region of €40-60 per sqm a year.
CBRE notes occupier activity focused primarily on large prime industrial units, which are becoming harder to find in suitable locations while lesser quality stock is more plentiful but is not suitable to the modern occupier.