Industrial demand rises

Signs of economic recovery and pick-up have fed into the demand for well-located industrial buildings, with a marked level of activity over the past two years.

So says agent Brian Olden of Cohalan Downing in Cork city, as he brings a 32,000 sq ft warehouse building on 1.9 acres in Cork’s Little Island to market, guiding it at €1.3 million.

Market watchers will be keen to see how this year’s take-up of industrial space performs, following last year ‘s bumper take-up, which was the strongest performance nationally and in Dublin (at 639,000 sq ft) since 2007.