Monday 23 October 2017

More than 10 per cent of commercial premises in Wexford lie vacant

By Esther Hayden

The old Dunnes Stores on Main Street.
The old Dunnes Stores on Main Street.

The number of empty commercial buildings in Wexford has increased over the past year.

The latest figures from GeoDirectory show that commercial vacancy rates in Wexford have increased from 9.7 per cent in the final quarter of 2014 to 10.1 per cent in the final quarter of 2015.

The total number of occupied commercial premises in Ireland increased throughout 2015 from 194,642 in 2014 to 195,803 in 2015.

The review found that the national average commercial vacancy rate in 2015 was 12.6 per cent. This figure represents a decrease in commercial vacancy of 0.2 percentage points since the final quarter of 2014. Kerry recorded the lowest vacancy rate of any county in the fourth quarter of 2015 at 9.2 per cent. Sligo recorded the highest commercial vacancy rate of any county during the same period at 16.4 per cent.

The commercial vacancy rate declined in 16 counties during 2015 - 10 of those were in Leinster and three were in Munster. Leinster's commercial vacancy rate was unchanged from the second quarter of 2015 with just two counties, Wexford (10.1 per cent) and Wicklow (12.5 per cent), recording increases over the year.

Commenting on the findings, Dara Keogh, CEO, GeoDirectory said: 'The trends we saw throughout 2013 and 2014 seem to have shifted. Where in the past we saw vacancy rates increasing at varying rates, we are now seeing falling vacancy rates in many parts of the country. Connacht and Ulster still seem to be struggling, however there are strong signs of a recovery with just 8 counties across the country showing an increase in commercial vacancy rates year on year.'

The data was published by GeoDirectory which was jointly established by An Post and Ordnance Survey Ireland to create Ireland's only complete database of commercial and residential buildings. These figures are recorded through a combination of the An Post network working with OSi.

Wexford People

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