Supply remains incredibly low in the Galway office market. At the end of March, availability stood at just 23,775 sq m with a vacancy rate of 7.4%.. This is a sizable increase from Q1 2021, 41%. However, this is accountable for by the completion on Bonham Quay which is now undergoing fit outs. It should be noted that 9,250 sq m of space is signed or reserved in the Galway market, bringing net availability to circa 14,525 sq m. The
Supply remains seriously constrained in the Galway industrial market. Approximately 8,350 sq m of space is available to let as of the end of March 2022, an annual decline of 69%. The corresponding vacancy rate as of Q1 2022 now sits at 1.7%, one of the lowest vacancy levels in the series. This level of availability is just marginally above the lowest point in Cushman & Wakefield's detailed series; recorded at the end of 2021, where a mere 6,150 sq m was available. Levels
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