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Commercial Vacancy Rate in Kerry Rises to 10.9%

Feb 25, 2021 17:02 By radiokerrynews
Commercial Vacancy Rate in Kerry Rises to 10.9% Commercial Vacancy Rate in Kerry Rises to 10.9%
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The commercial vacancy rate in Kerry has risen by 2 percentage points to 10.9%

That's according to the latest GeoView Commercial Property Report on the fourth quarter of last year.

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The report by GeoDirectory shows that of the Kerry towns sampled, Tralee had the highest commercial vacancy rate at 15.9% while Killarney had the lowest at 10.6%.

The national average rate for the last quarter of 2020 was 13.5%

The report says there's been an increase in commercial vacancy rates in 19 counties compared to the same period in 2019.

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There's also a growing regional disparity in commercial occupancy rates, a trend that appears to be accelerating as a result of the Covid-19 pandemic.

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