An industrial revolution

OWNER-occupiers are to the fore in inquires about warehouse units priced from €100,0000 to €600,000, according to specialists, Lisney, saying the range of offers at Little Island Cork shows a pick-up in activity.

Although it costs about €100 per square foot to build warehouse and/or light industrial units, says Lisney agent, David McCarthy, sale values are “currently in the region of €45/50psf. At peak, in 2007, these types of units were selling for in excess of €200 psf.”

He says with the lift in the economy, owner-occupier demand is strong, “and these are parties who are currently renting in the sector and are keen to take advantage of competitive prices and secure their own premises.”