A total of €1.5 billion ($1.8 billion) was invested in the Irish property market in second quarter 2021, bringing total year-to-date investment volumes in Irish real estate to €2.7 billion ($3.2 billion), according to Savills Ireland. This represents the second-highest level on record and 170 percent ahead of the same period in 2020.
Investor appetite was strong across the board, but the industrial sector was the stand-out performer of the quarter. In total, €325 million ($385 million) worth of industrial assets traded giving the sector a 22 percent market share, well ahead of the long-run average of 4 percent. With a tight vacancy rate of 1.3 percent and strong occupational demand, investors are seeking exposure to the sector, which has proved resilient during the pandemic.
Brendan Delaney, divisional director of investments at Savills, said, “The industrial sector has been relatively resilient to the effects of the pandemic, and the occupier market is sufferi
