Office
Occupier activity slowed further in the Galway office market in the third quarter of 2020. In the nine months to the end of September office take up totaled 2,400 sq m, across just 8 deals. The Galway market continues to be hampered by both the acute shortage of available space which limits choices, and the ongoing effects of the COVID-19 pandemic on the office market, which has placed a pause on some decision making.
Industrial
Occupier activity in the Galway industrial market remains subdued. In the nine months to the end of September 2020, take up in the Galway market totaled 3,800 sq m across just 5 deals. Following a positive opening quarter, transaction activity slowed in the second and third quarters of the year, as limited supply continues to hamper activity levels.
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