DCSIMG

Decline in occupied premises

According to new research from GeoDirectory, there has been a decline in the number of occupied commercial premises throughout Co Louth. In fact the total number of occupied commercial premises in Louth decreased throughout 2013 from 6,511 in Q1 to 6,470 in Q4.

A total of 12% of commercial premises in Louth in Q4 2013 were vacant. The national commercial vacancy rate in Q4 2013 was 12.4%.

The average commercial vacancy rate in Louth throughout 2013 was 11.6%, this compared with the national commercial vacancy rate in 2013 of 12%.

The review found that the national average commercial vacancy rate in Q4 2013 was 12.4%. The average national commercial vacancy rate for the year as a whole was 12%. On average, Kerry recorded the lowest average vacancy rate of any county in 2013 at 8.9%. Sligo recorded the highest average commercial vacancy rate of any county in 2013 at 15.4%.

All four provinces recorded an increase in their overall vacancy rate in 2013 of around 1 percentage point; Connaught (12.9% in Q1 2013 to 13.9% in Q4 2013), Leinster (11.4% in Q1 2013 to 12.4% in Q4 2013), Munster (10.7% in Q1 2013 to 11.7% in Q4 2013) and Ulster (11.3% in Q1 2013 to 12% in Q4 2013).

At 48,966 or 21.9% Dublin had the largest number of unique commercial address points followed by Cork (11.7% or 26,086) and Galway (5.7% or 12,751). Leitrim, Longford and Carlow had the lowest number of commercial address points with less than 3,000 units in each county, as was the case throughout 2013.

The GeoView Commercial Premises Vacancy Report is published on a quarterly basis by GeoDirectory and DKM Economic Consultants, tracking commercial vacancy rates .

 
 
 

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