The commercial vacancy rate in Mayo decreased to 16.8%, down 0.1 percentage points, in the year to quarter four 2021, according to the latest GeoDirectory Commercial Vacancy Rates Report, published this week.
Nationally, the commercial vacancy rate was 13.9% in quarter four 2021, the highest level of commercial vacancy recorded by GeoDirectory since the report began in 2013. The report, prepared by EY, found that commercial vacancies increased in 15 out of 26 counties.
This report examined the commercial vacancy rates among a sample of 80 towns located across the state. Of the towns in Mayo surveyed, Ballina had the highest commercial vacancy rate (24.0% ), while Westport had the lowest (12.7% ).
The highest commercial vacancy rates were recorded in the west of the country, continuing the trend observed in previous reports. Sligo, at 20.0%, was the county with the highest commercial vacancy rate, followed by Leitrim and Roscommon, both at 17.1%. In Q4 2021, the average commercial vacancy rate for Connacht was 17.3%.
