Growing demand for logistics space pushes occupiers towards pre-lets

The lack of newly built industrial and logistics space meant three of the top five deals this quarter were pre-lets

Savills: 'With pipeline supply well contained and limited standing stock we have seen upward pressure on rents.'

The number of commercial property transactions in the industrial and logistics sector surged by 66% in the third quarter according to a new report from estate agents Savills.

The property advisors said 712,000sq ft of space transacted in Dublin, significantly higher than the previous two quarters and an increase of 33% on the same quarter in 2020.