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THERE ARE OVER 26,500 empty commercial units in Ireland, a new report has shown.
Overall 11.9 per cent, nearly one in eight, of the country’s 223,433 properties were empty in the second quarter of 2013, an increase of half a per cent on the first three months of the year.
The report, carried out by GeoDirectory, a joint initiative of An Post and Ordnance Survey Ireland, shows that 14 counties have vacancy rates higher than the national average, while Sligo (15.2 per cent), Galway (13.8 per cent) and Leitrim (13.8 per cent) had the highest rates of empty commercial units.
The lowest rates in the country, between 9 and 10 per cent, were recorded in counties Kerry, Meath, Westmeath and Wexford.
All five cities have a higher vacancy rate than the national average vacancy rate. Limerick City has the highest vacancy rate among the cities studied at 17.2 per cent, followed by Galway at 15.8 per cent. Cork city has the lowest commercial vacancy rate of 13 per cent.
The report also found that Dublin City has more commercial premises than the cities of Cork, Galway, Limerick and Waterford combined.
Mark Fielding of the Irish Small and Medium Enterprises Association (ISME) said that the numbers were not a surprise, suspecting that they are actually worse.
“From our feedback from our members, we thought it was actually worse than that. We would have a suspicion that the numbers are closer to one in seven or one in six in some places.
“There are a number of reasons for the vacancies; the country is in recession which has lessened consumer spending and demand.
We also built a hell of a lot of property during the Celtic Tiger, so we have an oversupply. Added to that, upward only rent reviews add to the problem.
“We have a feeling those numbers will dis-improve over the next six months.
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Hilarious.
€2,000 on a 26 month project..wow
In the article it almost sounds like he’s saying 2k is a lot for a 2 year rebranding project.
It’s the 26 months that I was scratching my head over. Not that I’m an expert in rebranding but does this seem like a very lengthy time?
Sounds like a lot of meetings about meetings
A QR code wtf who even uses them !
It’s the gay Skynet taking over. Inevitable really.
QRCODE a bit 2012
QueeR code. Or QuaRe as mick the bull daly might say.
Did John Tierney take over as county manager in Wexford already?
Pay Peanuts = Get Monkeys, €2,000 for 26months work what did they expect? Looks like a snot on a page.
The logo is horrendous too.
Not necessarily a bad thing. The gays will do up your house quicker than the council!
Bahahahahahaaaaa
Big QR code reader users down in Wexford
Still cheaper than Irish water’s….
I guess they’ve got their wires crossed…. I’ll get my coat
Unsurprising! They wasted millions on a pretentious glass building, so why not waste more money (and over 2 years!!) on a logo redesign and an incorrect qr code?
This doesn’t have Hubert Kearns fingerprints on it…2k is only chump change for a man that can blow 60 mil….
It just goes to show that QR is rarely used. I expected the camera to recognise it rather than a separate app.
Classiç.
You can generate a QR code for free online over 2 years for a rebrand ?? Wtf
Vote for us as we can waste your money in a click???
Couldn’t make this up bahaha
Where is Tony Kilduff. I thought he would be all over this blaming same sex marriage.
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