Galway City has the second highest vacancy rate in the country, according to a new report.
The city has a vacancy rate of 15.8 per cent, second only to Limerick City, where a vacancy rate of 17.2 per cent was recorded.
The figures are contained in the second GeoView Quarterly Commercial Premises Vacancy Rates Report, published by GeoDirectory and DKM Economic Consultants.
The report also found that County Galway had one of the highest commercial vacancy rates, 13.8 per cent.
The report uses an ‘address point’ as a unit as opposed to a ‘building’ which can comprise one or more units and classifies as vacant 26,648 of the 223,433 commercial address points recorded in the Republic of Ireland.
Galway City, Limerick City, Dublin, Cork, and Waterford all have a higher vacancy rate than the national average of 11.9 per cent. This is an increase on the 11.4 per cent vacancy rate recorded in the Q1 2013 report. Almost half of commercial address points are service businesses.