Dublin industrial and logistics market sees highest demand since 2022

Dublin’s industrial and logistics sector has rebounded strongly, with Q1 take-up reaching 560,000 sq ft—nearly three times higher than last year, marking the highest Q1 performance since 2022. This surge in demand is largely driven by the appetite for larger units, including significant transactions like the 172,300 sq ft lease at Aerodrome Business Park. Savills Ireland notes that the pharmaceutical sector remains a cornerstone of this growth, despite global reshoring concerns. Rents have held steady for prime spaces, with a slight uptick expected in Q2.

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