"Q1 take-up across the Dublin industrial and logistics market came to 143,600 sq ft, representing the lowest quarterly take-up in over ten years. The average deal size was 16,000 sq ft, which was less than half the five-year average of 35,300 sq ft. "

"There was €2.2 billion worth of investment transactions in 2023, just over half (52%) of the 10-year average of €4.2 billion. While the higher interest rate environment has impacted transactions across all lot sizes, it has particularly impacted large deals."

"Investment volumes in Northern Ireland exceeded £334.0 million in 2023, which was the highest annual turnover since 2017 and well above the five-year average of £262.0 million. This was an encouraging result despite the significant market headwinds experienced throughout the course of last year, which included high levels of inflation, high interest rates and elevated investor caution. "

"2023 take-up across the Dublin industrial and logistics market came to just under 3.3 million sq ft, representing a 10% rise on the previous year and 11% ahead of the 10-year average. The total number of deals was 79, meaning the average deal size was 42,000 sq ft – the largest annual average this cycle. "

"In total, €515m worth of development land transacted in 2023 over 79 deals, leading to an average deal size of €6.5m. This is down 31% on 2022 and 47% on the five-year average. Sales volumes reached €320m in Q4, the highest quarter of the year. Activity increased through the year and is set to continue into next with a reserved pipeline of deals amounting to over €325m."