Dublin's industrial and logistics property take-up fell 58%, says Savills report

Savills Ireland says vacancy rate remains low at 1.8%

Dublin’s industrial and logistics property market saw its lowest take-up in a decade in 2024, a report by Savills Ireland said.

Dublin’s industrial and logistics property market saw its lowest take-up in a decade in 2024, a report by Savills Ireland said on Monday.

Take-up across the capital’s industrial and logistics market reached 745,000 sq ft in Q4 to bring the total for 2024 to 1.3m sq ft. This represents a 58% decline compared to 2023, according to Savills, and was the lowest take-up since its series began in 2014.