Retail Sector

Executive Summary Overview of the Retail Sector

Regional and Local Overview

  • The drop in the unemployment rate in Galway from 14.4% in 2012 to 11.9% in 2013 has had a positive impact on customer spending.
  • Eyre Square Centre incorporates over 60 local and national shops and attracts approximately 185,000 visitors per week.
  • In 2014, Galway's retailers experienced a more profitable year than 2013.
  • Galway County has a vacancy rate of 15.1%.
  • The Galway Continental Market for example has proven to be an attraction for shoppers with 607,000 visitors to the market over its 32 days duration.
  • The city of Galway has 3,115 commercial address points, with a vacancy rate of 16.5%, which is down 0.5% from the year before.
  • Galway city is above the national average regarding services, health and social, construction and financial units.
  • Shop Street had the lowest vacancy rate at 3.0%.
  • Some 49,954 people passed through Shop Street December 15th 2012.
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