Commercial vacancy rate nationwide stands at 11%

August 21, 2012 The MyHome Newsdesk by The MyHome Newsdesk
Commercial vacancy rate nationwide stands at 11%

The vacancy rate in the country's commercial premises stands at around 11%, new figures show.

23,834 commercial units were recorded as vacant in June 2012 from the total stock of 226,622 nationally.

The figures are compiled by GeoDirectory, which was jointly established by An Post and Ordnance Survey Ireland to manage a countrywide data base of buildings.

Eight counties - Carlow, Donegal, Dublin, Galway, Leitrim, Mayo, Sligo and Roscommon - recorded vacancy rates above the national average of 11%.

Advertisement

Both Leitrim and Sligo recorded the highest commercial vacancy rate of 14%, with 268 vacant units identified in Leitrim, which has a total of commercial 1,929 premises. Sligo had 517 vacant units out of a total stock of 3,648.

By contrast, Kerry has the lowest commercial vacancy in the country with 7%, or 602, of units vacant.

GeoDirectory chief executive Dara Keogh says that the vacancy rate of 11% means that nine out of 10 commercial properties across the country are occupied.

''This positive trend is supported by he 14 countries which are below the national vacancy rate of 11%,'' he added.

Tags:
Uncategorized An Post buildings Carlow commercial commercial premises

Related articles

Woman using mortgage calculator

Mortgage calculator

Ready to start house hunting but need to know how much you'll be paying on your mortgage? Our Irish mortgage repayments calculator will get you the answers you're looking for.

Start now →

Powered by doddl logo