Research

Dublin Industrial Market Dynamics, Q4 2024

Summary and analysis of Dublin's current industrial real estate market conditions.

March 05, 2025
Contributors:
  • Niall Gargan

Q4 2024 recorded a significant uptick in leasing volumes, which had been subdued throughout the year. 884,000 sq.ft. was signed across 34 deals, representing an increase of 193% on the average Q1-Q3 volumes and the strongest quarter of the year for activity.

Despite the strong final quarter, volumes for the year were the lowest on recorded since 2012. With 1.78m sq.ft signed across 90 deals, this was 43% below the volumes from 2023 and 45% below the ten-year annual average. It is also the first year where the number of deals signed did not surpass 100. 

Leasing activity is anticipated to remain subdued, and stock scarcity is expected to be a prominent feature in the market until the pipeline catches up. However, a few notable large requirements are expected to be signed over the coming months

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