Vacancy rate at 12.4%

12.4 percent of commercial units in County Longford are vacant.
The commercial vacancy rate in County Longford currently stands at 12.4 percent, according to a new report.

The commercial vacancy rate in County Longford currently stands at 12.4 percent, according to a new report.

The GeoView Quarterly Commerical Premises Vacancy Rates Report, which is published by GeoDirectory and DKM Economic Consultants, tracks vacancy rates nationally and by county.

This report indicates that Longford has experienced a slight increase, with figures for the first quarter of 2013 showing Longford as having a vacancy rate of 12 percent.

Nationwide, 26,648 of a total of 223,433 commercial units were recorded as vacant. Dublin had the highest number of vacant units with 49,029, while Limerick had the highest percentage of empty units, with 17.2 percent recorded as vacant. The report also found that Dublin City has more commercial premises than the cities of Cork, Galway, Limerick and Waterford combined. All these cities have a higher vacancy rate than the national average of 11.9 percent.

“This, the second GeoView report with DKM Economic Consultants, provides significant insights into the commercial property landscape in Ireland, highlighting the 11.9 percent of premises currently recorded as vacant - an increase from our first quarter report,” said GeoDirectory CEO, Dara Keogh.

“By examining data at county, and in this instance, city level, the GeoView report gives its readers a unique view of the profile of the Irish commercial building stock”, added Annette Hughes, director of DKM.