A total of 321,350 sq m transacted across the four regional markets in 2016, however, the year saw the occupier market significantly hampered by a lack of good quality, large product. Investors continue to play an increasingly larger role in the Irish industrial market, driven by strong rental value growth.
The nursing home market in Ireland will face increased demand for long-term beds, driven by demographic factors, notably the increased proportion of the population aged 80 and over. The current demand is demonstrated by high occupancy rates in private and voluntary nursing homes across the country. It is evident that Dublin in particular has pent-up demand for larger sized nursing home developments.