Ballybofey has highest commercial vacancy rate in Ireland

Ballybofey has highest commercial vacancy rate in Ireland

Ballybofey has the highest rate of unoccupied commercial buildings in Ireland, according to details of a survey just released.

GeoDirectory, the company behind the country’s new Eircodes, have analysed 101 different locations, including 79 towns across the four provinces and 22 Dublin districts.

Ballybofey holds the position as the town with the highest vacancy rate, at 31.3%. The other towns in Donegal included in the report were Buncrana (15.5%), Bundoran (13.6%), Donegal Town (13.2%) and Letterkenny (21.8).

The commercial vacancy rate in County Donegal in Q2 of 2016 was 15.1%, 2% above the national average of 13.1%. Commercial vacancy rates in Ireland have increased, from 12.6% in Q2 2015 to 13.1% in Q2 2016 according to the research published by GeoDirectory today.

The report shows that 28,615 of the 219,176 commercial address points in Ireland were vacant.

Kerry lowest rate

On a county-wide basis, Kerry recorded the lowest vacancy rate of any county at 9.4% and Sligo recorded the highest vacancy rate at 16.8%.