Breakfast Business with Joe Lynam

The vacancy rate for Irish commercial property stands at early 16% at the moment. That’s the highest in Europe and reflects the fact that demand is still soft after lockdowns. However, the retail property market is doing quite well in certain city centres but even that masks the fact that it varies from street to street.But what happens if Donald Trump persuades tech companies to upticks and move some operations back to the United States? Joe discussed along with John Moran the Chief Executive of JLL Ireland.

Aidan Donnelly from Davys brings us all the business news along with Joe Lynam.

For most of last year pub, restaurant and hotel owners have complained about the surging cost to their business of higher minimum wages, holiday pay and sickness pay. They weren’t given any reprieve in the budget last October but now it looks as if some good news is on the way as the programme for government which has been agreed, sets out a reduction in the VAT rate to 9% for food-led hospitality companies. What will it mean for the hospitality sector? Padraic O’Kane runs Hospitality and Events Specialists Corporate.ie which also runs the Aer Lingus American football Classic discuss this with Joe this morning.

Shomera has been making home offices and garden rooms for more than two decades already but has seen a surge in his business since lockdowns gave rise to a roaring demand for working from home. But as some of the biggest companies in the world demand that their colleagues come back into the workplace, what will it mean for the home office business? Joining Joe on the show this morning was David O’Reilly owner of Shomera.