Retail vacancy rate in Leitrim is 8.6%
Figures released by Experian®, the global information services company, show that the retail vacancy rate for County Leitrim is currently 8.6% which is 6.1% lower than the all Ireland county average of 14.7%.
Ireland's county average vacancy rate of 14.7% is two per cent higher than the UK average rate which stands at 12.5% and is over one per cent higher than the Northern Irish figure which is 13.5%.
Jonathan De Mello, Director of Retail and Property at Experian explains, "Indications are we will see a better Christmas this year although we are unlikely to see a return to pre-recession expenditure levels for some time.
"At the same time vacancy rates are expected to improve and return to a more sustainable level. Stand-alone shopping centres, with their greater potential for asset management, will perform better than town centres in this respect.
"From a retailer perspective, at least for those that are doing well, such as supermarkets and value retailers, it has never been a better time to expand in order to grab market share, given the wealth of lucrative property deals that are now available as a result of the increased number of vacant stores on Ireland's high streets.
"Performance differs at a county level, with some counties clearly performing better than others, due to the relative resilience of the retailers trading in the retail centres that make up the county's overall retail offer.
"Those counties that are currently suffering from particularly high vacancy rates however need to take co-ordinated action to address this issue, to avoid a spiral of decline."
Experian calculates current and projected vacancy rates using its Goad database and team of surveyors. Recognised by property professionals as the definitive source of information for the retail and commercial property industry, Experian's Goad database provides accurate retail information on over 2,300 town centre shopping areas, out-of-town retail parks and outlet villages in the UK and Ireland.
Retail vacancy rates for surrounding counties are: Longford 23.4%, Donegal, 17.7%, Sligo, 17.4%, Roscommon, 14.1%, Cavan 8.7%.
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Weather for Carrick-on-Shannon, Ireland
Sunday 05 February 2012
Today
Light rain
Temperature: 6 C to 6 C
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