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24/07/2021

Slight rise in empty commercial properties in Kildare

But still below the national average

Slight rise in empty commercial properties in Kildare

Slight rise in empty commercial properties in Kildare

Kildare’s commercial vacancy rate stood at 13.2% in the last quarter of 2017, representing an increase of 0.3p% compared to the same period in 2016.

That’s according to the latest GeoDirectory Geoview Commercial Vacancy Report. The research reveals that 64.1% of the vacant commercial address points in Kildare have been empty for more than three years.

Leixlip, at 16.7% is the town with the highest commercial vacancy rate in Kildare and Maynooth, at 7.4% is the town with the lowest.

Overall, the national commercial vacancy rate in Ireland dropped slightly from 13.5% in Q4 2016 to 13.3% in Q4 2017, putting Kildare below average.

Commercial activity remains concentrated on the East coast of Ireland, with the Greater Dublin Area accounting for 33.2% of the overall national stock.

This is in stark contrast to Connacht and Ulster, with these provinces only accounting for 13.7% and 7.8% of the national stock respectively.

Sligo had the highest commercial vacancy rate in the country at 18.7%, while Kerry recorded the lowest vacancy rate at 10.5%

 

 

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