Industrial & Logistics
In the opening quarter of 2024 take-up activity had a sluggish start in the Dublin Industrial and Logistics market, with approximately 17,000 square metres of space taken up across 18 deals. This brought the rolling twelve-month total to 249,000 square metres at the end of Q1 2024, the lowest level seen since Q4 2021.
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Office
Take-up in the Dublin office market remained sluggish in the first quarter of 2024 with only approximately 17,500 square metres of space taken across 37 deals, the lowest level of take-up seen since the COVID impacted year of 2020. Overall, deals tended to be on the smaller side with only six deals for over 1,000 square metres in the period. The financial services sector (37%) accounted for the largest slice of take-up in Q1 (36%) although demand was still visible in the IT, Professional services and Health sectors.
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