Signs of localised recoveries in industrial market

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.

A recovery in manufacturing, and some retail, has led to the pick up in demand, while low capital values are prompting operators to buy rather than rent.

That’s according to the findings of a Q4 2013 report by Savills, who note there’s been “a record take-up of industrial space in Dublin as economic recovery drives demand”.