Is Ireland Experiencing An Industrial Boom? Find Out At Bisnow's 27 September Event
Ireland’s industrial sector has shown signs of growth. A MarketWatch report showed that this market is projected to increase to $2.59B in 2028, up from $1.33B in 2021. The driving force behind the expansion is Ireland’s fourth industrial revolution — the Internet of Things — to help encourage market growth through automation and connectivity.
Additionally, the thriving tech industry also trickles into commercial real estate with high demand for larger industrial units in Dublin, such as the 200K SF Lufthansa Technik Airmotive Ireland and 165K SF Horizon Logistics Park.
Despite the continued growth in Ireland’s industrial market, different businesses are hard-pressed to find adequate space. The demand is beginning to exceed the supply for building space, impacting Ireland’s data center real estate and its building life cycle.
Life sciences is another aspect of Ireland’s expanding industrial field. Ireland is one of the top spaces for pharmaceuticals. Medical technology alone employs over 27,000 people in Ireland.
Ireland also has a youthful and talented workforce, with over 50% of the people having a college-level education. This foundation sets the stage for multinational branding success and contributes to life sciences being a multibillion-dollar industry.
The sector’s continued growth trajectory means investors, owners and developers may assess the investment potential of both the industrial and life sciences sectors and how they compare to other sectors of real estate.
Find the answers to these enquiries and more at Bisnow’s upcoming Ireland event Hot Trends Shaping Ireland’s Real Estate on 27 September at Huckletree’s iconic Academy building on Pearse Street. Register here to sign up for the event and view Bisnow’s Covid-19 safety guidelines and protocols.
Speakers and panelists include:
- John Murnaghan, managing director, M7 Real Estate
- Des Travers, CEO, DPD Ireland
- Tim Jones, director, Palm Capital
- Garrett McClean, executive director, CBRE
- Ronan Furlong, executive director, DCU Alpha
Moderator
- Peter Browne, head of business development, mac-group
More speakers to be announced!
Ireland’s market is expected to grow. Even with the supply struggling to keep up with the demand, developers see the potential of capitalising on this surge and coming up with clever strategies to help mitigate risks.
Bisnow events bring together Ireland's most influential commercial real estate players for dynamic and unforgettable content and dedicated networking sessions. Register here to learn more about Ireland's growing industrial market and connect with major players around the UK.
