Commercial vacancy rates increase in Clare

Commercial vacancy rates in Clare have increased, from 12.2% in 2013 to 13% 2014, according to new research published by GeoDirectory.

The total number of occupied commercial premises in Ireland decreased throughout 2014 from 195,545 in Q1 to 194,642 in Q4. The new research is from the 2014 Q4 edition of GeoView, which is published quarterly. It is the second annual review of commercial vacancy rates in Ireland that not only provides national data but also analyses the data by quarter, by county, by province and across a broad range of sectors in the Irish economy.

The review found that the national average commercial vacancy rate in Q4
2014 was 12.8%. This figure represents an increase in commercial vacancy of
0.4% since Q1 2014. This means that the average national commercial vacancy
rate in 2014 was 12.6%.

All four provinces recorded an increase in their overall vacancy rate in 2014.
Munster saw a commercial vacancy rate increase from 11.7% in Q4 2013 to 12.1%.

The highest increase in commercial vacancy between Q4 2013 and Q4
2014 was recorded in Connacht where there was an increase of 0.8%. (13.9%
in Q4 2013 to 14.7% in Q4 2014). The next highest provincial increase was
in Ulster, where a 0.5% increase was recorded between Q4 2013 and Q4 2014
(12.0% in Q4 2013 to 12.5% in Q4 2014).

The commercial vacancy rate in Leinster is at 12.6%, the same as in Q3 2014 however this figure is still above the 12.4% recorded in Q4 2013.