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
Overall Dublin availability moved higher again in the second quarter as 2024’s completion pipeline gradually continued to deliver space into the market. Overall available space in the Dublin market climbed to approximately 697,000 square metres in Q2 (the highest level since Q1 2023) which translated into an availability rate of 16%. However, the pickup in overall availability was down to a rise outside the CBD – within the CBD available space and the availability rate was broadly unchanged at 14.7% compared to Q1.
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