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Commercial vacancy rates in Mayo have increased, from 12.7 per cent in 2013 to 13.4 per cent in 2014, and there are now more than 1,000 vacant commercial premises in the county.

The commercial vacancy rate in Mayo has increased from 12.4 per cent in quarter two of 2013 to 13.2 per cent in quarter two of 2014 according to new data published by GeoDirectory this week. For the first time the report includes an analysis of the commercial vacancy rate of industrial commercial property across the country. In total according to the report, 1,079 of the 8,183 commercial addresses recorded in Mayo in quarter two of 2014 were vacant and that the commercial vacancy stock in Mayo accounts for 3.7 per cent of commercial address points in Ireland.

The number of home building projects started in Mayo in the first four months of 2014 has increased by a huge 206 per cent on figures from the same period in 2013.

The motor industry in Mayo is showing strong signs of growth with new car sales in the first quarter of 2014 up by 28.7 per cent.

Some 38 new housing units were commenced in the first four months of 2012 in Westmeath, according to new statistics released by the Construction Industry Federation (CIF). This represents a decrease of four units or 10 per cent on the same period during 2011, when work began on 42 new units, according to the CIF’s latest Housing Statistics Bulletin.