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Northwest region records highest commercial vacancy rates nationwide

Mar 3, 2022 13:03 By Shannonside News
Northwest region records highest commercial vacancy rates nationwide Northwest region records highest commercial vacancy rates nationwide
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Local counties are recording some of the highest levels of vacancies across the country.

Sligo, Leitrim and Roscommon have the worst commercial vacancy rates in the country according to a new report.

The figures recorded by GeoDirectory show almost a fifth of commercial properties in the three counties were lying vacant at the start of 2022.

The number of units lying empty across the country is currently at its highest level in nine years according to the geographic data analysts.

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20 per cent of surveyed commercial properties in Sligo were found to be vacant in the new study, the highest level in the country.

Leitrim and Roscommon shared joint second position, with 17 percent of properties lying empty.

14 percent of properties in Longford were vacant, leaving it middle of the table nationally but still above the national average.

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In the Northern Sound region, Monaghan and Cavan have shown 13 and a half per cent of analyzed commercial buildings with closes doors.

Meanwhile, several towns across the region have also featured in the top 15 highest vacancy rate in the country.

Studies of Edgeworthstown in Longford and Roscommon Town have shown at least a quarter of business properties are currently sitting empty.

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While Boyle in Roscommon, Castleblayney in Monaghan and Bailleborough in Cavan all share a vacancy rate of approximately 22 per cent.

Findings from the Q4 GeoDirectory report state that the fallout from the Covid-19 pandemic has had a significant effect on vacancy levels.

 

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