Dublin Industrial Market Q2 2018

In what represented a sluggish quarter for the industrial property market, just 43,854 sq m of space transacted – a decrease of 37% in comparison with the same quarter last year – bringing take-up for the first six months of 2018 to 111,754 sq m. This is despite the fact that occupier demand for industrial property remains strong as evidenced by
the fact that the volume of exports rose by 19% in the year to May 2018.

With a number of large transactions currently in the pipeline, we anticipate that volumes in Q3 and Q4 will represent a more accurate reflection of underlying activity levels. Lettings accounted for 75% of transactions in Q2 compared to 25% for sales.