News
92 commercial premises unoccupied in Killarney
By Sean Moriarty
A total of 92 commercial premises in Killarney are vacant according to the latest GeoDirectory Commercial Buildings Report.
The report examined the commercial vacancy rates among a sample of 80 towns across the country in June 2022.
The commercial vacancy rate in Kerry has increased to 11.7% the 12 months to Q2 2022 and of the towns in Kerry analysed, Listowel had the highest commercial vacancy rate in Q2 2022 at 21.6%, while Killarney had the lowest at 11.1%.
There was an increase of three unoccupied buildings in Killarney compared to the same period last year but overall, Kerry compares favourably with the national average.
The lowest commercial vacancy rates were recorded in Meath (9.9%), Wexford (10.6%) and Kerry (11.7%).
“The latest GeoDirectory Commercial Buildings Report highlights a marginal but continued rise in commercial vacancy rates across Ireland. At 13.9%, the national commercial vacancy rate in Q2 2022 was the highest recorded by GeoDirectory since we started compiling these reports in 2013. The past two and a half years have proved to be difficult for businesses to navigate, thanks to the impact of COVID-19 restrictions followed by rising inflation and energy costs,” Dara Keogh, Chief Executive of GeoDirectory, said.
