Signs of revival in industrial property market - report

A new report has found signs of revival in the industrial property market.

The ‘Dublin Industrial Market in Minutes Q1 2010’ report from Savills says the amount of floor space taken up in the first quarter of this year was equivalent to 70% of the total for 2009.

A total of 42 deals was recorded in the market in Q1 2010, up significantly from a total of just nine deals over the same period in 2009.

"A new trend is emerging which is the reduction in the length of contracts that logistics providers are securing," said Gavin Butler, Director of the Industrial Division at Savills.