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Real Estate Briefing - Categorized | Finance, Market Moves more

Savills: Retailers cut costs with cheap Dublin warehouse rents

Posted on 10 April 2012

Warehouse rents in Dublin have fallen by 60-80% as landlords vie for tenants, presenting an opportunity for international retailers active in Ireland to ship larger deliveries and store stock in warehouses, cutting down on the number of annual deliveries according to international real estate advisor Savills.
With prime rents currently ranging from €4 - €6 per ft² per year (€43 - €65 per m²) and tertiary rents as low as €1 per ft² per year (€10.76 per m²), the firm notes that retailers could cut annual delivery costs and store stock in warehouses until it is needed, following the example of Lidl and Primark………………………………………..Full Article: Source


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