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The commercial market throughout Galway city and the west of Ireland has proven to be resilient throughout 2023. In the first quarter of the year, the commercial market stabilised after an unprecedented 2022 which saw some major challenges as a result of the ongoing conflict in Ukraine. What began as a steady start in 2023 turned out to be one of the most active within the commercial section of O’Donnellan & Joyce in recent years, regardless of rising interest rates and market uncertainty.

O’Donnellan & Joyce started building its foundations more than 50 years ago when Colm O’Donnellan and Tony Joyce became friends. Little did they know they would celebrate more than 40 years in business.

The commercial market throughout Galway city and the west of Ireland has proven to be resilient throughout an unprecedented 2022. After navigating through the Covid-19 pandemic, the unexpected conflict and war in Ukraine presented a new challenge to the market in early 2022. As a result, we have witnessed inflation rates nearing 10 per cent which has been felt throughout every industry, with property being no exception.

KPMG celebrated its 40th anniversary delivering for businesses in Galway at an event on Friday last. The Galway office has in fact been open for 42 years but the celebrations were delayed as a result of the pandemic.

The commercial market throughout Galway city and the west of Ireland has proven to be resilient throughout 2021. After the initial shock of the pandemic, confidence began to increase in both the investment and commercial market in Q4 of 2020 which followed throughout to Q1 2021. This trend has remained consistent throughout 2021 with strong activity throughout the commercial market as a whole.

Longford-Westmeath Minister of State with responsibility for Trade Promotion, Digital and Company Regulation, Robert Troy TD, met with businesses from the region as part of Enterprise Ireland’s International Markets Week in recent times.

Over the past 36 years, KPMG has made its mark on the West of Ireland and on the business community of Galway. Brian Thornton, KPMG partner in charge of the Galway office, explains.