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Commercial property vacancy rate rises to 13.5%

13.5% of commercial properties listed across the country were vacant in the final quarter of last year, according to figures published by GeoDirectory and EY-DKM.

The number of vacant properties increased marginally by 0.2% in the fourth quarter, with 28,572 units unoccupied last December. 

Sligo had the highest number of vacant commercial properties, with 19.9% or almost one-in-five such properties unoccupied. 

With the exception of Kildare at 14.4%, the figures show that all counties in the greater Dublin area registered commercial vacancy rates lower than the national average, with Meath recording the lowest rate at 10.1%.

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