September 28, 2021
Business News

Shop ’til you drop: More than 12% of Wicklow commercial premises are vacant

More than 12% of  Wicklow’s commercial premises are vacant, a new survey has found.

The rate has decreased by 0.1 percentage points to 12.1% according to the latest GeoView Commercial Vacancy Rates Report published by GeoDirectory.

In Wicklow, Arklow was the area with the highest commercial vacancy rate at 19.0% while Greystones had the lowest vacancy rate at 7.6%, while in Bray it was 12.4% and Wicklow Town 11.2%.

The report found that the commercial vacancy rate increased in all four provinces in 2019. The national commercial vacancy rate stood at 13.3% in Q4 2019, 0.1pp higher than the same period in 2018.

In total, 16 counties recorded increases in their commercial vacancy rate, with a decrease occurring in only 6 counties.

Sligo, at 18.9%, was the county with the highest commercial vacancy rate.

The five counties with the highest vacancy rates were all located in Connacht, a sign of the prominent east-west divide in terms of commercial activity.

At 10.1%, Meath recorded the lowest commercial vacancy rate in the country, followed by Kerry (10.7%), Wexford (10.9%), Westmeath (11.6%) and Cork (11.7%).

The commercial vacancy rate in Dublin was 12%.

Almost a quarter (23.5%) of all commercial properties in Ireland are located in Dublin, equating to 49,812 commercial address points.

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