{"id":48335,"date":"2025-09-28T07:58:09","date_gmt":"2025-09-28T07:58:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/48335\/"},"modified":"2025-09-28T07:58:09","modified_gmt":"2025-09-28T07:58:09","slug":"carrigaline-in-cork-has-lowest-commercial-vacancy-rate-of-any-town-in-the-country","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/48335\/","title":{"rendered":"Carrigaline in Cork has lowest commercial vacancy rate of any town in the country"},"content":{"rendered":"<p class=\"contextmenu internal_Body1st\">Carrigaline had the lowest commercial vacancy rate of any town in Ireland in the second quarter of this year, after a decrease of nearly two percentage points, according to a new GeoDirectory report.<\/p>\n<p class=\"contextmenu Body Body\">Overall, Cork\u2019s 12.5% commercial vacancy rate in June this year was lower than the national average of 14.6%.<\/p>\n<p class=\"contextmenu Body Body\">The analysis, prepared by EY, found the national commercial vacancy rate reached a new high of 14.6% in June 2025, with a total of 30,800 commercial units classified as vacant across the State. In total, the commercial vacancy rate increased in 17 out of 26 counties surveyed.<\/p>\n<p class=\"contextmenu Body Body\">Compared to the same period in 2024, the commercial vacancy rate in Cork increased, but only marginally, by 0.1 percentage points.<\/p>\n<p class=\"contextmenu caption\">Lowest<\/p>\n<p class=\"contextmenu Body Body\">Cork had the fifth lowest commercial vacancy rate in the state, just behind Meath, Wexford, Westmeath, and Kerry; while Sligo, at 20.8%, recorded the highest proportion of vacant commercial units in Q2 2025, followed by Donegal, Galway, and Leitrim.<\/p>\n<p class=\"contextmenu Body Body\">Of the 80 main towns and urban areas surveyed by GeoDirectory nationally, Ballybofey, Co Donegal, registered the highest commercial vacancy rate at 33.7%, while Carrigaline (5.1%) had the lowest vacancy rate.<\/p>\n<p class=\"contextmenu Body Body\">Of the urban areas in Cork surveyed, Cobh and Youghal both had the highest commercial vacancy rate (19.1%).<\/p>\n<p class=\"contextmenu Body Body\">Dara Keogh, CEO of GeoDirectory, said: \u201cThere are now 30,800 commercial units across the country currently vacant, a reminder that our commercial landscape as well as consumer behaviour is shifting.\u201d<\/p>\n<p class=\"contextmenu Body Body\">Annette Hughes, director at EY Economic Advisory, added: \u201cOverall the commercial vacancy rate is continuing its upward trajectory at the same time as residential vacancy rates have reached historic lows.\u00a0<\/p>\n<p class=\"\">\u201cThis trend highlights the significant challenges and market dynamics commercial businesses have faced in recent years, in spite of the strong overall economic performance of the Irish economy.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Carrigaline had the lowest commercial vacancy rate of any town in Ireland in the second quarter of this&hellip;\n","protected":false},"author":2,"featured_media":48336,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,35286,35285,79,61,60],"class_list":{"0":"post-48335","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-carrigaline","10":"tag-cork-busines","11":"tag-cork-news","12":"tag-ie","13":"tag-ireland"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/48335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=48335"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/48335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/48336"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=48335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=48335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=48335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}