12% of commercial premises idle

Nearly 12% of Ireland’s commercial premises are lying vacant, with that number up by 0.5% quarter on quarter, according to latest findings.

However, the study shows that Cork has the lowest vacancy rate — at 13% — of the country’s major cities.

The latest quarterly commercial premises vacancy rates report — jointly published by DKM Economic Consultants and GeoDirectory; the An Post/Ordnance Survey Ireland joint venture building database — shows that 26,648 of the 223,433 commercial premises listed in the country are currently vacant.