Buoyant Activity in the Dublin Industrial Market in the First Nine Months of 2015
Dublin, 6th October 2015 – Commercial property consultants CBRE Ireland today released statistics on the volume of industrial & logistics property sales and lettings completed in the Dublin market in the first nine months of the year. According to CBRE, there has been a strong volume of activity in this sector of the property market during Q3 bringing take-up in the first nine months of 2015 to more than 310,000 square metres - almost on par with the record volume of take-up in this sector in the entire year in 2014.
Q3 was another active quarter in the Dublin industrial market with a total of 46 individual transactions signing in the period. As a result of a number of large sales that completed recently, sales accounted for 76% of industrial transactions in Dublin in Q3 with lettings comprising the remainder. 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. This quarter has also seen upward pressure on prime industrial rental values which are now up 12% year-on-year to approximately €72.50 per square metre.
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CBRE MarketView | Dublin Industrial & Logistics Q3 2015
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
In Ireland, with offices in Dublin and Belfast, CBRE is the country’s largest commercial real estate services company, now employing over 165 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, debt advisory, project management, consultancy, business rates and compulsory purchase, valuations and research. Please visit our website at www.cbre.ie or www.cbre.ie/ni.