September 28, 2020
Business News Property

Empty spaces: Worrying increase in Waterford’s vacant properties

More than 14% of commercial properties across Waterford city and county are lying vacant, new figures show.

The vacancy rate of 14.5% is higher than the national average (13.5%) and the average for Munster (13.3%).

The average for Leinster is 12.6%. Connacht has by far the highest rate of vacancies with an average of 17%.

The figures, for the second quarter of the year, are from the GeoView Commercial Vacancy Report which provides an analysis of the commercial building stock across Ireland.

They show that commercial property vacancies in Waterford have not been greatly affected by Covid-19 problems, rising only slightly, year on year, from 14.1% to 14.5%. Waterford’s highest vacancy rate was in the city (17.6%) and the lowest was in Tramore (14.1%)

Only three counties reported a decline in their vacancy rates: Kildare (-0.3pp), Wexford (-0.3pp) and Kilkenny (-0.2pp).

Donegal (+0.8 pp), Limerick (+0.7 pp) reported the highest jumps.

Shane Doran

Shane Doran is founder and Co-Managing Editor of News Now Media, incorporating KilkennyNow.ie, WaterfordNow.ie and WicklowNow.ie. He is a former newspaper editor who has held senior executive roles across five national newspaper titles, both broadsheet and tabloid. He was News Editor and Executive Editor of the Irish Independent for more than seven years and spent a number of years in South Africa where he worked as editor of The Daily Voice newspaper. Shane has held senior editorial position with The Sunday Independent, The Herald and The Irish Daily Star and has served as Executive Editor (Group) of Independent News & Media (INM), Ireland’s largest newspaper group.

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