Levels of activity in Dublin’s real estate industrial sector in the first nine months of 2012 have been the highest since 2008, according to CBRE’s Dublin office. This quarter’s take-up of over 56,600 m[sup]2[/sup] of accommodation let or sold in the city has resulted in a total transaction level of just under 157,000 m[sup]2[/sup] completed in the first nine months of the year.
Levels of activity in Dublin’s real estate industrial sector in the first nine months of 2012 have been the highest since 2008, according to CBRE’s Dublin office. This quarter’s take-up of over 56,600 m2 of accommodation let or sold in the city has resulted in a total transaction level of just under 157,000 m2 completed in the first nine months of the year.
The strong activity was dominated by two large transactions over 10,000 m2 that signed in the Ballymount area of the Dublin South West (N7) Corridor.
Garrett Mc Clean, Director of the Industrial agency team at CBRE Dublin said: ‘Demand in this sector is for larger space requirements by distribution companies and occupiers looking to expand or relocate. While the sector is particularly at the mercy of the ongoing threat to export demand from Europe, storage and distribution occupiers continue to actively seek new industrial accommodation across the capital.'
