Commercial Vacancy Rate In Wicklow Was 13.1% In December 2024

The commercial vacancy rate in Wicklow was 13.1% in December 2024, which was lower than the national average of 14.5%

The commercial vacancy rate in Wicklow was 13.1% in December 2024, increasing by 0.2 percentage points compared to December 2023 according to the latest GeoDirectory Commercial Buildings Report.

The commercial vacancy rate in Wicklow was lower than the national average of 14.5%.

In total, 30,365 of the commercial units were vacant across the state in December 2024.

The report also found that the commercial vacancy rate increased in 15 out of 26 counties.

County Commercial Vacancy Rates

With a 0.1 percentage point (pp) increase from Q4 2023, Sligo recorded the highest commercial vacancy rate at 20.6%, followed closely by Donegal (20.1%) and Galway at 18.8%.

Even though all four provinces experienced an increase in vacancy rates, four of the top six counties with the highest vacancy rates were in Connacht, continuing the trend of high commercial vacancy rates in the west of the country. The vacancy rate in Connacht reached 18.5%, an increase of 0.2 pp from Q4 2023.

Meath once again remained the county with the lowest commercial vacancy rate in the country at 9.9%, followed by Wexford (10.8%) and Kerry (12.3%).

Dublin’s commercial vacancy rate stood at 13.6%, a 0.5 pp increase on Q4 2023.

Despite this being the highest level of vacancy recorded in Dublin since Q4 2016, the current rate is still below the national vacancy rate of 14.5%.

Analysis of Towns and Dublin Districts

This report examined a sample of 80 towns throughout Ireland, as well as 22 districts in Dublin, to assess the shift in commercial vacancy rates from the fourth quarter of 2023 to the same period in 2024.

Of the urban areas in Wicklow surveyed, Arklow had the highest commercial vacancy rate (16.1%), while Greystones had the lowest (5.5%).

In contrast, the lowest commercial vacancy rates in the country were recorded in Greystones (5.5%) and Carrigaline, Co. Cork (5.1%).