Publication

Spotlight: Scottish Office Market – Autumn 2017

Scotland's take-up is on course to exceed the 10-year average by the year end

Summary

■ Take-up in the Scottish office market reached 393,000 sq ft during Q3 2017 in what is usually a quieter quarter. With 1.8m sq ft of space taken so far this year, Scotland's take-up is on course to exceed the 10-year average of 2.1m sq ft by the year end.

■ Edinburgh is now the only Scottish city with new speculative development under construction. Occupiers will begin to compete for good quality Grade A space across the three cities.

■ Around 75% of Scotland's office investment deals have been agreed off market so far this year, showing the increasing competition among purchasers for well-let assets.

■ Many investors now see Scotland as more defensive to Brexit than London following the 2017 General Election. Overseas investors, particularly German funds, are increasingly open to investing in Scotland and are looking outside London for more attractive yields.


Headline stats

Articles within this publication

1 article(s) in this publication