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Westmeath’s commercial vacancy rate has fallen to 11 percent in the second quarter of the year, a decrease of 0.2 percentage points compared to the same period in 2017 according to the latest GeoView Commercial Vacancy Rates Report, published by GeoDirectory.
The construction industry responded positively to demand for housing this year, but the level of demand is still far greater than supply, according to figures revealed in the latest GeoView Residential Buildings Report, published by GeoDirectory.
Athlone, at 18.3 per cent, is the area with the highest commercial vacancy rate in Westmeath.
The number of vacant commercial units in Mayo has increased last year from the figures recorded in 2015 according to a new research published this week, the research has found that the commercial vacancy rate in Mayo at the end of quarter four of 2016 was running at 15.6 per cent, up from 13.5 per cent at the same time last year.
The commercial vacancy rate in Galway in Q2 2016 was 15.3%, above the national average of 13.1%. Commercial vacancy rates in Ireland have increased, from 12.6% in Q2 2015 to 13.1% in Q2 2016 according to new research published by GeoDirectory this week. 28,615 of the 219,176 commercial address points in Ireland were vacant.