Commercial vacancy rates in Louth have increased from 12.8% in Q4 2015 to 14.5% in Q4 2016.
This is above the national average which has increased, from 12.6% to 13.5% during the same time period, according to new research published by GeoDirectory today. The GeoDirectory database shows there were 213,666 commercial address points in Ireland with 28,796 of those properties lying vacant. The data indicates a substantial unused commercial building stock not just across the country but also in Dublin.
The new research is from the Q4 2016 edition of GeoView which is published twice a year. It is the twelfth in the series but the fourth year-end review of commercial vacancy rates in Ireland that not only provides national data but also analyses the data by province, county and town, and across a broad range of sectors in the Irish economy.
Between Q4 2015 and Q4 2016, commercial vacancy rates in Drogheda increased from 16.2% to 17.9%, Dundalk saw an increase of 0.7pp to 19.2% and Ardee saw a decrease of 1.9pp to 13.7%.