Unit 3 Mountpark Grange Castle West which was pre-let to An Post and extends to approximately 50,000 sqft
Stock image
A strong recovery in Dublin industrial and logistics, also known as sheds, showed in 2025, with take-up rising sharply and prime rents increasing, according to Savills Ireland’s Dublin Industrial and Logistics Review.
Total take-up reached 2.39 million sqft across 70 deals in 2025, an increase of 81pc on the previous year, although still 10pc below the five-year average. Activity accelerated in the final quarter of the year, with 782,000 sqft transacted across 24 deals, the highest number of transactions recorded in a single quarter since Q3 2022.
Supply also increased with completions totalling 1.48 million sqft in 2025, well above the five-year average, driven by speculative development and a catch-up in delivery following limited construction during the previous cycle.
As a result, the vacancy rate edged up from 1.7pc to 2.5pc, Prime rents rose by €1.00 per sqft over the year to €14.00 per sqft, reflecting strong demand for best-in-class units.
Newly constructed and refurbished units under 30,000 sqft achieved rents of up to €20.00 per sqft, highlighting the pricing power of high-quality stock amid rising construction costs.
Third-party logistics operators re-emerged as the dominant source of demand almost tripling take-up from 13pc in 2024 to 37pc in 2025.
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