Office
The first six months of 2020 saw occupier activity in the Galway office market total 2,300 sq m, across 7 deals. This is significantly below the long run H1 average, 5,700 sq m. However, it must be noted that occupier activity stalled in the second quarter of the year due to the impacts of COVID-19. In addition, transaction activity has been further restricted by the ongoing shortage of good quality available office space in the Galway office market.
Industrial
In the opening three months of 2020, occupier activity in the Galway industrial market totaled 2,500 sq m, largely in line with the same quarter last year. This brings occupier activity in the twelve months to the end of March to 11,100 sq m.
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