JLL Industrial Market Report – Q1 2022
JLL Quarterly Industrial Market Report for Q1 2022
- Niall Gargan
Q1 2022 activity in the Dublin industrial market recorded strong take-up volumes of 908,000 sq ft across 31 transactions. This is an increase of +15.2% on the previous quarter (788,000 sq ft) and was the strongest performing quarter since Q4 2020.
Prime rents stand at €10.75 per sq ft but these are forecasted to increase as a result of limited supply. The increased interest in secondary space, due to the supply shortage of prime space, has led to a further rise in secondary rents by €0.25 to €8.50 per sq ft. Secondary rents have increased by €0.50 per sq ft over the last six months.