Rise in number of firms failing in Limerick

An increasing number of businesses are closing down in Limerick.

Vacant commercial premises in the city increased from 12.8% for the first three months of 2013 to 13.8% in the first quarter of 2014, according to a survey published by GeoDirectory.

There are 223,336 commercial address points across the country, of which 27,791 are classified as vacant. The national commercial vacancy rate in the first three months of this year was unchanged from the 12.4% of the previous quarter.