High street vacancy rates up in most centres

High street vacancy rates in all but three urban centres rose in the last six months, while rents in Dublin city centre continued to climb in line with increased demand.

An improvement in retail sales and occupier activity throughout 2014 has been reflected in prime rental growth in some of the main Dublin retail areas, said commercial property consultants CBRE.

This is in stark contrast to the majority of other high street locations covered by the survey, which saw vacancy rates climb even as the capital’s recovery continues.