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Tammy Newell
Tammy Newell
  • 1 Minute Read
  • 28th November 2011

Aberdeen Comes Top in Scottish Office Space Market

Last week, CBRE announced that the Aberdeen office market was outperforming all other Scottish cities, exceeding its level of uptake from 2009 and 2010. 

Office Space in Aberdeen, Scotland

currently sits at 761,631 square feet, with the majority of space being in the second hand market (although still quality space). Grade A business centres and newly renovated office space accounts for just 17% of the total space available.

In Glasgow, take-up of office space reached 91,670sqft in the third quarter of 2011, which is up by 58%. However, the total number of office space take-up remains highly similar to the 2010 figures. Significant include Mercer renting 33,551sqft at G1, and Barclay’s Bank renting 20,346sqft at Tay House.

Office space take-up in Edinburgh’s third quarter reached 103,717, which is down by 53%compared to the second quarter when take-up soared at 202,000sqft. This means that Edinburgh’s total office space take-up only reached 437,850, when compared to the average 505,000sqft.

The amount of available has also risen by 15%, as tenants opt to rent office space in areas such as Aberdeen. It is thought that rental rates in this Scottish city have remained low, whilst office space packages and incentives have increased in quality, thus attracting more businesses to the Aberdeen area.

To find out more about , talk to Search Office Space now on 0800740 80 80 to discuss your requirements.