Northwest Express

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FEBRUARY 2017 Issue 2 - Volume 18

BALLINA’S ICE HOUSE WINS SUPREME 4* HOTEL AWARD No.1in the No.2 Business...

• Septic Tank Cleaning • Emergency Service Call Out • Odours Investigated • High Velocity Water Jetting • CCTV Drain Inspection • Domestic Drain Cleaning • Commercial Drain Cleaning • Man Hole Covers Replaced • Annual Maintenance Contracts

WEDDING GUIDE INSIDE!

SPLASH FOR NORTH WEST SIMON

Commercial vacancy rate is a cry for help Eoghan Rua GAA Ladies celebrate

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BLESSED ART THOU! . . . Leitrim County GAA star Emelyn Mulligan in excellent company at the recent Eoghan Rua Ladies GAA celebration at the Diamond Coast Hotel. Pictured, from left: Geraldine Ruane, Sinead Naughton, Ciara Battle, Claire Duffy, Leanne Taylor and Sarah Curley. Pic John O’Grady Photography

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W

HILE the country seems to be edging towards another period of political uncertainty the economic outlook is not much better if the current vacancy rate for commercial units, particularly in the north-west, can be accepted as a barometer. Geo-Directory – a database of Ireland’s commercial and residential addresses – has revealed that Sligo (18pc), Leitrim (16.4pc), Donegal, Mayo (15.6pc each), Galway (15.4pc) and Limerick (15.3pc) are the six counties with the highest-recorded vacancy rates in the country. A key finding from their recent survey is that counties on the west coast continue to lag behind their eastern counterparts in securing occupiers for their commercial property stock. For Mayo the research makes for grim reading as it puts the commercial vacancy rate at the end of the fourth quarter of 2016 at 15.6 %, an increase of 2.1% on the same period last year, the third highest increase in the country. The news is even worse for the town of Ballina, with the unenviable statistic of having the highest vacancy rate in Connacht at 24.7%, up from 21.4% at the same time last year. Increases were also recorded in Castlebar and Westport. Sligo has the highest commercial vacancy rate of any county at 18% and Leitrim is not far behind. Geo Directory CEO Dara Keogh, noting the east-west divide, said the findings reinforce the theory the recovery is somewhat skewed, with the west falling behind the rest. Connacht’s vacancy rate, the highest of all the provinces, stands at 15.7% compared with Leinster (outside of Dublin), at 12.5%. However, other commentators have noted that this report could be timely. Following the recent launches of the public consultation on the National Planning Framework for Ireland and the Plan for Rural Development, it reveals the areas in greatest need of support, given the high vacancy rates recorded. Let’s see what transpires.

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