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Report reveals 14 percent commercial vacancy rate in Galway

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Galway Bay fm newsroom – An average of just over 14 percent of commercial units in Galway are vacant.

That’s according to the third GeoView quarterly report jointly compiled by GeoDirectory and DKM Economic Consultants.

The survey shows a 17 percent commercial vacany rate in the city.

In the county, Tuam has a rate of 15.3 percent, followed by Loughrea where the vacany rate stands at 14.6 percent.

The Q3 edition also compiled an analysis of the economic activity in 101 locations including Galway city, Tuam and Loughrea.

It found that financial sector commercial units account for 3 percent of city address points.

This compares to 2.2 percent at county level.

Nationally, the commercial vacancy rate stands at 12.3 percent – an increase on the 11.9 percent recorded in the previous quarter.

Ballybofey in Co Donegal has the highest commercial vacancy rate of over 28 percent, while Greystones in Co Wicklow has the lowest at 3.5 percent.

Breaking News

Death announced of former Bishop of Galway

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Dr Martin Drennan.

The death has occurred of the former Bishop of Galway, Kilmacduagh and Kilfenora Martin Drennan, six years after he announced his retirement on health grounds. He was aged 78.

The Galway Diocesan Office confirmed the death this (Saturday) afternoon of the Bishop and Apostolic Administrator Emeritus, who oversaw the Diocese for eleven years.

Born on January 2, 1944 in Piltown, County Kilkenny, he studied for the priesthood at Saint Patrick’s College, Maynooth, from where he was ordained to the priesthood in 1968. His brother Michael is also a priest.

Following his ordination, he continued his studies in Rome where he was awarded a Licentiate in both sacred theology and sacred scripture. He returned to Rome in 1980 to become spiritual director at the Pontifical Irish College for the next five years.

He became a lecturer in sacred scripture at Saint Patrick’s College, Maynooth, where he continued to teach until his appointment as Auxiliary Bishop of Dublin in 1997 with responsibility for East Wicklow and South Dublin.

Following the retirement of Bishop James McLoughlin, Bishop Drennan was appointed Bishop of Galway and Kilmacduagh and Apostolic Administrator of Kilfenora and he was installed on July 3, 2005 in Galway Cathedral.

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Connacht Tribune

O’Flaherty’s promising start

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Outgoing Cllr Terry O’Flaherty (Ind) is on course to retain her City Council seat – and top the poll in City East. 

With 33% of the boxes tallied, Cllr O’Flaherty is polling strongly, particularly in Renmore. 

Michael John Crowe is ahead of his running mate Alan Cheevers for the Fianna Fáil vote, according to the early figures, although that could change when Doughiska and Roscam boxes are opened. 

The Green Party’s Claire Hillery is on about 7%, with Fine Gael on 10% and Sinn Fein on 5%.

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Connacht Tribune

Tallies underway as votes are sorted

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The opening of boxes for the local elections began at 9am this morning in Leisureland when the tallymen (and women) kicked into gear.

As regards the Galway County Council elections, the smaller areas are being opened first which means that the four-seater Connemara North boxes will be first in the pecking order.

It will be followed by Gort-Kinvara (5 seats), Connemara South (5 seats), Athenry-Oranmore (7 seats), Ballinasloe (6 seats), Loughrea (5 seats) and finally Tuam (7 seats).

The boxes in these areas will be opened and tallied in that particular order before being transferred to the Galway Lawn Tennis Club on Threadneedle Road where the counting will commence around mid-morning.

That is when the fun will really begin – although the tallies should give a good indication as to where most of the seats are destined.

As regards the city, the Galway City East boxes were opened first, followed by Galway City Central and finally Galway City West. These votes will be transferred to the Westside Centre by around 11am for counting.

There are 39 seats on Galway County Council to be filled with 18 on Galway City Council. The City Council count is expected to conclude on Saturday night but the County Council count – with seven electoral areas to be filled – could well go into Monday.

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