Published on August 28th, 2019 | by BoyleToday.com
Commercial vacancy rates fall in Boyle
The commercial vacancy rate in Boyle has shown a decrease for the second quarter on 2019.
That’s according to information provided by GeoView which shows the commercial vacancy rate in Boyle for the period Q2 2019 was 21.6%
The comparative figure for 2018 was 22%.
Boyle was one of seven towns in Connacht that showed a decrease in commercial vacancy rates for the period.
In Connacht, Westport showed the lowest rate of vacancy at 12.3% followed by Galway at 16.3% while Ballina, Sligo and Tuam all had higher vacancy rates than Boyle.
Carrick on Shannon recorded one of the highest annual increases in Connacht for commercial vacancy in Q2 2019 at 17.6% – an increase of 2.1% on the corresponding 2018 figure.
Eight areas were surveyed – Retail and Wholesale, Health, Services, Industry, Construction, Education, Financial and Public Admin.
The report showed that Sligo is the county with the highest commercial vacancy rate at 18.9%, while Meath at 10.1% was the county with the lowest. 18 counties registered an increase in commercial vacancy rates compared to the same period in 2018. Edenderry, Co. Offaly was the town with the highest commercial vacancy rate in the country at 28.8%, followed by Ballybofey, Co. Donegal (28%) and Kilrush, Co. Clare (26.5%).
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.
These figures are recorded through a combination of the An Post network of delivery staff working with OSi.
The report, published on a bi- annual basis, relies solely on the GeoDirectory database of commercial address points for its information. The database distinguishes between ‘an address point’ which is a unit as opposed to a ‘building’ which can comprise one or more units. The term ‘address point’ is used in this report as a proxy for each unit.
You can view the report here