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Vacancy Rate For Commercial Units At Highest Level Since 2013

Commercial vacancy rates have increased in 15 counties in the last year. There are now a total of 29...
Ben Finnegan
Ben Finnegan

11:34 AM - 25 Aug 2022



Vacancy Rate For Commercial Un...

News

Vacancy Rate For Commercial Units At Highest Level Since 2013

Ben Finnegan
Ben Finnegan

11:34 AM - 25 Aug 2022



Commercial vacancy rates have increased in 15 counties in the last year.

There are now a total of 29,000 vacant units nationally, according to GeoDirectory.

The national vacancy rate stood at nearly 14% in June.

Commercial vacancies are at their highest rate since the company started reporting the statistic in 2013.

The county with the lowest commercial vacancy rate was Meath at 9.9%, followed by Wexford at 10.6% and Kerry at 11.7%.

At 19.4%, Sligo was the county with the highest commercial vacancy rate, followed by Galway and Donegal (both at 17.2%), and Leitrim and Mayo (both 16.9%).

Dara Keogh, CEO of GeoDirectory said Covid had a role in the rise:

“The latest GeoDirectory Commercial Buildings Report highlights a marginal but continued rise in commercial vacancy rates across Ireland.

"At 13.9%, the national commercial vacancy rate in Q2 2022 was the highest recorded by GeoDirectory since we started compiling these reports in 2013.

"The past two and a half years have proved to be difficult for businesses to navigate, thanks to the impact of Covid-19 restrictions followed by rising inflation and energy costs.”



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Donegal Galway Geodirectory Kerry Leitrim Mayo Meath Sligo Vacancy Vacant Vacant Properties Wexford

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