Sunday 21 January 2018

Retail vacancy rates drop around Ireland, say CBRE

Retail vacancies have fallen in six of nine cities in Ireland
Retail vacancies have fallen in six of nine cities in Ireland
Peter Flanagan

Peter Flanagan

High street vacancy rates improved in six out of nine retail locations surveyed by CBRE over the last six months, a new report has found.

The property firm say the results are in stark contrast to this time last year when rates were moving in the opposite direction.

The prime high streets in Belfast and Limerick showed the most significant reduction in ground floor vacancy in the last six months.

The city's rates contracted by between 3pc and 4pc to stand at 10pc and 14pc respectively.

Sligo, Athlone and Dublin also showed an improvement in high street occupancy over the period, with the capital's ground floor vacancy rate now standing at 3.2pc.

Cork, Killarney and Kilkenny showed an increase in ground floor vacancy between Q3 2014 and Q1 2015.

However the agents note that there are a number of deals agreed in these locations which should alleviate the vacancy in coming months once signed.

Indo Business

Promoted Links

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Also in Business