Research
Dublin Industrial Market Dynamics, Q2 2024
Summary and analysis of Dublin's current industrial real estate market conditions.
August 07, 2024
Contributors:
- Niall Gargan
Take-up for the second quarter of 2024 was 363,000 sq. ft. across 19 deals. Volumes increased from the historically low opening quarter, with Q2 volumes up 132.3% but trending 55.7% below the ten-year quarterly average.
Additionally, the average-sized deal was down 14.1% on the ten-year quarterly average. This is a reversal of a recent trend in the Dublin market, as the average volume of space signed in 2023 was 29.5% above the ten-year annual average.
Leasing activity is anticipated to rebound in the latter half of 2024, with several large requirements expected to sign.
