Dublin’s logistics market is on course for a second successive record-breaking year following a surge of activity in Q3 2015, according to figures released by CBRE.

Dublin’s logistics market is on course for a second successive record-breaking year following a surge of activity in Q3 2015, according to figures released by CBRE.

The strong volume of activity brought the total take-up for the first nine months of the year to 312,000 m2 - higher than for any full year apart from 2014 and just short of the 12-month record.

During the third quarter 46 individual transactions were completed, with sales accounting for 76% while lettings comprised the remainder. The quarter also saw upward pressure on prime industrial rental values, which rose 12% year-on-year to €72.50 per m2.

Jarlath Lynn, of CBRE Ireland’s industrial and logistics department, said: 'We are now on course for record performance in this sector in 2015 with take-up in the year-to-date almost matching the volume for the entire year last year.'