Commercial vacancy rate in Mayo at 14.5 per cent

The commercial vacancy rate in Mayo in quarter two of 2016 was 14.5 per cent, which is above the national average of 13.1 per cent. Commercial vacancy rates in Ireland have increased, from 12.6 per cent in quarter two of 2015 to 13.1 per cent in quarter two of 2016 according to new research published by GeoDirectory this week. A total of 28,615 of the 219,176 commercial address points in Ireland were vacant.

In this issue of GeoView, GeoDirectory has conducted an analysis of 101 locations, including 79 towns across the four provinces plus 22 Dublin districts. Ballina (23.9 per cent ) and Castlebar (20.6 per cent ) both showed rates well above the national average, while Westport was below the national average at 12.9 per cent.

At a provincial level, Connacht saw the highest average vacancy rate of the provinces at 15.2 per cent in quarter two of 2016. Leinster (excluding Dublin ) had an average vacancy rate of 12 per cent, down 0.4 since quarter two 2015, possibly an indication that the economic recovery to date has been more prevalent in the east than in the northwest of the country.

The GeoView Commercial Premises Vacancy Report is published by GeoDirectory and DKM Economic Consultants, tracking commercial vacancy rates nationally and by county. A copy of the GeoView Commercial Premises Vacancy report is is available at www.geodirectory.ie and www.dkm.ie

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