14% vacancy rate in Galway commercial units

Galway Bay fm newsroom – Almost one thousand nine hundred commerical properties in Galway were vacant at the end of June. New figures released by GeoDirectory reveal that the city and county's average commerical vacancy rate increased to 14.8 percent this year – a 1 percent increase when compared to last year. The figure puts the county significantly above the national average vacancy rate of 12.8 percent. The report also shows that Galway has the third highest commercial vacancy rate in the country behind Leitrim and Sligo. CEO of GeoDirectory, Dara Keogh, says that the figure is a valuble indicator of the current state of the local economy.