A confidence shock, a quarter on mute.

Dublin’s industrial and logistics market reverted to long-term averages in Q2, driven by occupier demand for newly constructed units, according to the latest report from Savills Ireland. In total, 60% of space taken up were units built since 2020, up from 50% in Q1 and 37% in Q4. Following higher levels of speculative development in the last 12 months, the growth in take-up is being facilitated by a greater availability of modern units with strong ESG credentials. Take-up reached 619,000 sq ft in Q2, representing a 13% increase year-on-year, across 14 deals. With an identical number of deals to Q2 2025, the growth in take-up volumes was driven by a larger average deal size of 44,200 sq ft.

Tech occupiers accounted for 35% of all flexible office desks taken in H1, with the sector remaining the largest single source of demand in the market, Savills data show.Tech’s share of the market was down from 50% in 2025, however, as demand diversified across a wider range of sectors. Professional services and financial services accounted for 28% and 23% of demand respectively, while life sciences businesses represented 13%. On a location basis, Dublin 2 continued to dominate the market, accounting for 89% of all flex office activity in H1. This reflects the concentration of both supply and occupier demand in the city's central business district, which is underpinned by strong public transport links.