Commercial vacancy rate nationwide stands at 11%

Commercial vacancy rate nationwide stands at 11%

Empty commercial buildings, such as these in Carrick-on-Shannon, have contributed to Leitrim having the highest vacancy rate in the country at 14%

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%.

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.

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