Kildare Commercial Vacancy Rates Have Decreased

Thursday, 3 March 2022 14:38

By Caoimhe Harney

The national vacancy rate is the highest since records began.

Kildare commercial vacancy rates have decreased by 0.2 percentage points to 14.2% , according to the GeoDirectory Commercial Vacancy Rates Report Q4 2021.

Of the towns in Kildare surveyed, Leixlip had the highest commercial vacancy rate at 15.3%, while Maynooth had the lowest at 10.9%.

The difference between Naas and Newbridge, Naas has 24% of the business as retail, whereas Newbridge has 32% retail business, with a much higher vacancy rate.

The report, prepared by EY, found that commercial vacancies increased in 15 out of 26 counties.

Meath at 10.2% was the county with the lowest commercial vacancy rate in the state, with Wicklow at 10.4% and Kerry at11.3%, also recording notably low rates.

In Dublin, the commercial vacancy rate increased by 1.0pp in the year to Q4 2021, reaching a rate of 12.9%.

This year-on-year increase was second only to Laois, which recorded a 1.1pp increase to stand at 14.2%.

In total, there were 29,317 vacant commercial units dispersed across Ireland in Q4 2021.

At 20.0%, Sligo was the county with the highest commercial vacancy rate, followed by Leitrim and Roscommon, both 17.1%.

Nationally, the commercial vacancy rate was 13.9% in Q4 2021, the highest level of commercial vacancy recorded by GeoDirectory since the report began in 2013.

CEO, GeoDirectory, Dara Keogh spoke about the findings of the report with Ciara Noble Thursday's Kildare Focus:

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