The vacancy rate for commercial properties has hit the highest level since GeoDirectory began tracking the market in 2013. Since the pandemic the vacancy rate for offices in Dublin has spiked, yet that tells only a part of the story. The vacancy rate across all commercial properties in the country hit 14.6 per cent at the end of 2025, according to GeoDirectory’s latest report. That’s up marginally on the third quarter of the year, but perhaps more notably it is the highest vacancy rate since the GeoDirectory survey began in 2013. Meath had the lowest commercial vacancy rate in the country at 10 per cent, while Dublin’s rate declined to 13.2 per cent.

Source: The Irish Times February 26, 2026 18:03 UTC