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.