In Q4 2023, Ireland's national commercial vacancy rate reached an all-time high of 14.3%, with Sligo having the highest rate at 20.5%.

The national commercial vacancy rate in Ireland reached an all-time high of 14.3% in Q4 2023, according to GeoDirectory's Commercial Buildings Report. Sligo recorded the highest commercial vacancy rate at 20.5%, followed by Galway at 18.5% and Donegal at 18.2%. The report attributed the rise to factors such as increasing business costs, changing consumer habits, and the shift to hybrid working. Despite the economy's expansion in 2023, Dublin recorded the highest level of commercial vacancies since the end of 2016.