The industrial property market has begun its recovery — but only in Dublin and at that, it appears concentrated in the capital’s south-west corridor.

The market for industrial- and manufacturing-appropriate property is expected to show a significant recovery this year, particularly in Dublin, following the second consecutive quarter of a decline in vacancy rates.

The second quarter of 2012 has seen the highest take-up in two years of industrial property in Dublin, according to research by Savills Ireland.

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