Cost pressures on Dublin’s logistics and warehouse market are increasing as a result of changes in building specifications – and these are causing concerns in the sector.

Nigel Healy, head of industrial agency at JLL says: “While we have seen rental growth in the last six months, this has not matched the level of construction cost inflation. Much of this is beyond the individual developers’ sphere of influence, but it is now a very significant concern.

"As the trend continues toward larger warehouse facilities, the insistence on sprinkler systems has the potential to cause further upward pressure. Equally, delays in securing fire certificates impact the speed with which buildings can be made available and adds to general uncertainty.

"While we see some further rental growth, significant increases could cause further issues around competitiveness. Dublin prime rents are already comparing less favourably to other European cities, and in particular regional cities in the UK.”

The most recent MSCI index showed Dublin industrials continued to outperform office and retail property, with industrial rents rising by more than 3pc in south Dublin during the first quarter of the year. Capital values for North Dublin industrials grew 4pc in Q1 and 8.4pc over 12 months.

Rental activity was steady in the first quarter, with 468,000sqft of take-up.

Among the lots available to let is Yew Grove’s Unit L2 Naas Enterprise Park which extends to 3,167sqm. Joint agents Harvey and O’Neill & Co are quoting rents of €250,000pa.