Office
Take-up in the Cork market in the year to the end of the third quarter stood at just under 26,800 square metres, which was more than each of the previous four years for the same period. Activity in Q3 was slow with just over 3,100 square metres of space occupied in the quarter. However, on a rolling twelve-month basis more than 38,600 square metres was absorbed up to the end of Q3, showing a strong performance in the context of annual take-up levels over the past few years.
Industrial
The Cork Industrial market has performed well in the year to the end of the third quarter of 2023, with a total of 45,700 square metres of space taken up.Activity in Q3 was slightly down on the opening two quarters of the year, with a total of just over 12,500 square metres taken up across 8 deals. However, on a rolling 12-month basis, over 47,800 square metres of space was leased to the end of the third quarter, which was a strong performance in a historical context.
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