Dublin's industrial space take-up jumped between July and September, new data from property advisor Savills Ireland shows.
Its latest market report shows that sustained demand pushed take-up to 690,000 sq ft across 22 deals.
This places the year-to-date take-up at 2.3m sq ft, marking an 11% increase compared to the five-year average.
Savills Ireland said a list of over 600,000 sq ft in reserved deals, coupled with two sizable active requirements exceeding 400,000 sq ft each, indicates that Dublin continues to be a prime location for occupiers - even amidst ongoing geopolitical and economic uncertainties.
Gavin Butler from Savills Ireland said Dublin's "unwavering" attraction as a hub for industrial and logistics space is evident in these figures.
"Even as the global landscape shifts, businesses recognise the strategic importance and potential of setting up in Dublin," he said.
"Our current reserved list and significant requirements speak volumes about the confidence in the market," he added.
As demand remains high and supply is constrained, the report states that rents are seeing steady growth.
Meanwhile, vacancy rates saw a marginal rise from 1.6% to 1.9% in the third quarter of this year, which Savills Ireland said is attributed to the market's addition of three large units.
Block R at Aerodrome Business Park and the former Crown Paints space on Malahide Road are currently the two major vacant spaces, together accounting for 22% of available space. Unit R Aerodrome is reserved and expected to complete in the fourth quarter of this year, it added.
