Vacancy rate second lowest in country

Published 03/07/2013 | 05:36

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ALMOST one in ten business premises in Kerry are vacant according to a new report on commercial vacancy rates across Ireland.

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ALMOST one in ten business premises in Kerry are vacant according to a new report on commercial vacancy rates across Ireland.

County Kerry has a commercial vacancy rate of 9.1per cent according to the second GeoView Quarterly Commercial Premises Vacancy Rates Report which was published jointly this week by GeoDirectory and DKM Economic Consultants today.

While the number of vacant units in Kerry is worrying there is some good news in the figures which show that Kerry actually has the joint second lowest commercial vacancy rate recorded in the country along with county Westmeath.

Kerry was also considerably below the average national vacancy rate which stood at 11.9 per cent in the second quarter of this year. Just across the county border the situation was markedly more serious in Limerick City which had the highest vacancy rate in Ireland with 17.2 per cent of premises vacant.

According to the report the services sector in Kerry accounts for almost half of all business properties in the county with service businesses accounting for 47.1 of all the business addresses surveyed for the report.

The GeoView Commercial Premises Vacancy Report is published on a quarterly basis by GeoDirectory and DKM Economic Consultants, tracking commercial vacancy rates nationally and by county.

It is seen as more accurate than other similarly themed reports as it uses an 'address point' to count business premises as opposed to just a 'building' which can comprise several occupied and unoccupied business premises.

GeoDirectory was jointly established by An Post and Ordnance Survey Ireland (OSi) to create and manage Ireland's only complete database of commercial and residential buildings. The figures are recorded through a combination of the An Post network of 5,600 delivery staff working with OSi.

Kerryman

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