The report highlights that commercial vacancies in Ireland reached an all-time high of 30,046 units, with an increase in 14 out of 26 counties, revealing concerning trends despite a strong economy.
In small towns of the west like Ballybofey and Edgeworthstown, commercial vacancy rates soar above 30%, showcasing a stark contrast with prospering towns like Greystones, which recorded just 5.6%.
The hospitality sector is witnessing a decline, as evidenced by a reduction of 270 commercial units this past year, amid shifts in consumer behavior and market dynamics.
Factors fueling the rise in empty commercial units include changing consumer habits, growth in online commerce, and an increase in remote working, illustrating the broader economic transformation.
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