Dublin industrial and logistics property take-up reached 2.39 million square feet across 70 deals in 2025, representing an 81 per cent increase on the previous year, according to Savills Ireland's Dublin Industrial and Logistics Review reported by the Irish Independent.

The figure remains 10 per cent below the five-year average despite the sharp annual growth. Activity accelerated in the final quarter, with 782,000 square feet transacted across 24 deals, marking the highest quarterly transaction count since Q3 2022.

Supply increased as completions totalled 1.48 million square feet in 2025, exceeding the five-year average and driven by speculative development and delivery catch-up following limited construction in the previous cycle. The vacancy rate rose from 1.7 per cent to 2.5 per cent as new supply entered the market.

Prime rents increased by £1.00 per square foot over the year to reach £14.00 per square foot, reflecting sustained demand for best-in-class units. Newly constructed and refurbished units under 30,000 square feet achieved rents of up to £20.00 per square foot, demonstrating pricing power for high-quality stock amid rising construction costs.

Third-party logistics operators emerged as the dominant demand source, nearly tripling take-up from 13 per cent in 2024 to 37 per cent in 2025. The shift reflects growing requirements for modern distribution facilities as e-commerce fulfilment and supply chain complexity drive warehouse demand.

The recovery in Dublin's industrial property sector follows a period of reduced activity as occupiers reassessed space requirements and developers paused speculative projects amid economic uncertainty. Increased completions and rising vacancy provide greater choice for logistics operators seeking modern facilities with appropriate specifications for contemporary supply chain operations.

Read the complete analysis of Dublin's industrial property performance in 2025 in the full article.