Office
At first glance Dublin office take-up for Q1 2023 came in at just over 82,000 square metres although this was skewed by a number of previously signed deals. Excluding these, Q1 take-up was lower on a sequential basis. On a rolling 12-month basis however, Dublin take up was almost 257,000 square metres in Q1 an impressive figure, one which exceeded five-year averages prior to the outbreak of the COVID-19 pandemic.
Industrial
Solid Q1 for industrial market underpinned by strong demand and low availability.
Take up in the Dublin Industrial and Logistics market rose on a quarter on quarter basis in Q1 2023 with total activity across 31 transactions broadly in line with the Q1 average over the past five years On a rolling twelve month basis over 345,000 square metres of space had been taken up in the sector by the end of Q1 2023 close to recent highs and underlining the strong growth in demand powered by evolving themes such as e commerce and supply chain efficiency.
