With the demand for industrial buildings in Dublin still rising, there is a need for new supplies, according to Nigel Healy of JLL.

Even with the take-up of space 43 per cent lower at the mid-point of the year compared to 2013, he said some occupiers had to settle for secondary quality or secondary locations.

Mr Healy said they were beginning to see the very early signs of development, including land purchases and planning applications, over the last three months. However, delivery of new space was expected to take a minimum of 18 to 24 months.