Vacant commerical units in Longford

Currently there are 270 vacant commercial units or premises recorded in Longford, according to figures released by GeoDirectory, a joint project by An Post and Ordnance Survey Ireland (OSI).

Currently there are 270 vacant commercial units or premises recorded in Longford, according to figures released by GeoDirectory, a joint project by An Post and Ordnance Survey Ireland (OSI).

The figure represents an average vacancy rate of 11 percent for commercial units in the county, as of June 2012. This was in line with the national average of 11 percent. The total number of commercial units identified by GeoDirectory in Longford was 2,355.

Longford town represented the highest number of vacancies recorded in the county, where 205 vacant commercial units were identified, at a rate of 13 percent.

On a nationwide basis, the highest number of commercial units was recorded in Dublin where 48,760 premises were recorded. It also held the largest number of vacant units with 5,851 or a 12 percent vacancy rate.

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

Kerry recorded the lowest commercial rate in the country with 602 or 7 percent of units identified as vacant. In addition, Galway has the highest number of commercial premises vacant for a city at 818, or 13 percent of total stock identified.

Commenting on the newly released figures, Dara Keogh, CEO, GeoDirectory said, “These newly published figures present us with an overall picture of the commercial property landscape in Ireland, highlighting 11 percent of the 226,622 premises recorded as vacant. This is representative of a trend we have identified nationally, with figures released in July highlighting 12 percent of new residential and commercial buildings for the first six months of the year as vacant. The vacancy rate of 11 percent would mean that 9 out of 10 commercial premises across the country are occupied.

“This positive trend is supported by the 14 counties which are below the national vacancy rate of 11 percent. We would hope that this new data will allow us to work with our partners both in the public and private sector to support effective and long-term planning in the Republic of Ireland.”