Take-up of industrial and logistics space in Dublin in Dublin increased by 81% in 2025 compared to the previous year.
According to the latest review by property agent Savills, total take-up reached 2.39 million sq ft across 70 deals. Activity accelerated in the final quarter of the year, with 782,000 sq ft transacted across 24 deals.
The recovery in occupier activity coincided with a significant increase in new supply, Savills said, with completions totalling 1.48 million sq ft.
As a result, the vacancy rate edged up from 1.7% to 2.5%, remaining low by European standards and supportive of continued rental growth.
Savills noted that third-party logistics operators re-emerged as the dominant source of demand, accounting for 37% of total take-up in 2025, compared with just 13% in 2024.
Commenting on the figures, director of industrial and logistics at Savills Jarlath Lynn said he expects to see "a more diverse supply pipeline, particularly in smaller unit sizes, reflecting changing occupier requirements and the higher cost of development."
