Industrial
After a slow start to 2023, it was positive to see some leasing activity in the final quarter of the year and further activity in the opening quarter of 2024. On a rolling twelve-month basis Galway take up levels increased to over 6,600 square metres at the end of Q1 2024, the highest level seen since late 2022. The sole deal of the quarter was over 400 square metres of space taken up at Ballybane Industrial Estate in the northwest of the city.
Office
Following a solid performance in 2023, the Galway office market had a sluggish start to 2024 with just under 400 square metres of space taken up during the opening quarter of the year. Leasing activity in Ballybrit Business Park saw technology firm Nostra and medical device company Luminate Medical take space in the northwest of the city.
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