Construction News

01/04/2008

Industrial Zoned Land Values' Buoyant

Prime industrial zoned land across Ireland continues to retain its value despite the recent drop in development land values.

According to a new report from CBRE, the buoyancy of industrial zoned land is due to a strong level of occupier demand.

Garrett McClean, from CBRE's Industrial Department, said: "The strong level of occupier demand was demonstrated recently by the off-market disposal of 4.5 acres of industrial zoned land in south west Dublin.

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"Prime industrial rents remain stable at around €130 per square metre and we do not anticipate any significant change in coming months.

"The occupier market also remains active, with demand strongest for small to medium sized facilities," Mr McClean added.

The report also revealed that demand for secondary accommodation is also strong.

(VB/KMcA)

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