Breathnach hopes M1 Corridor project can help fill vacant commercial units in Louth
Declan Breathnach has said that following reading the latest GeoView Commercial Vacancy Report that he agrees that the recovery over recent years has not been as broad-based as it should have been.
According to the analysis, the national commercial vacancy rate is 13.2% and in Louth it is slightly higher than the national average at 14.2%.
The Fianna Fáil TD is now hoping the new M1 Corridor initiative can help bring businesses to the many vacant commercial units within the county.
“While the east coast in general has fared better than other areas in Ireland figures for commercial vacant properties still remain in the double-digit category.
“When you exclude Dublin for the figures given for the East Coast, we can see that towns in Louth are well above the national average for commercial vacancy with Dundalk at 18.7% and Drogheda at 18.1%.
“It is evident therefore that the bulk of economic activity is still centred around Dublin. Last week I attended the M1 Corridor launch which is a joint initiative of the Dundalk Chamber of Commerce, The Oriel Hub, The Mill Drogheda and the Drogheda and District Chamber of Commerce. This is a great step towards marketing our region so that more opportunities can be created along the East Coast and in Co Louth to bring vibrancy into our communities and hopefully opportunities for more people to work closer to home.”