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Kal Vaughan
Kal Vaughan
  • 1 Minute Read
  • 18th February 2013

CBRE confirm Aberdeen office space demand

CBRE, the leading property consultancy company have released research confirming that Aberdeen’s office markets are enjoying buoyant growth, with take-up at 840,404sq ft, the highest annual volume on record.

The research - titled, “Strongest Annual Take-Up on Record in Aberdeen” - cements predictions of property management company MD, Caroline Davidson of Facilities Management, who was reported by SOS last week as stating that Aberdeen’s office markets will continue to exhibit, “no sign of the consistent growth in the market slowing.”

CBRE’s research corroborates Mrs Davidson’s findings, with both accrediting the surge of office take-up in the Granite City to the high activity from the North Sea oil companies operating in the area.

The CBRE statement claimed, “the overall trend of sustained demand for offices in this part of Scotland remains prevalent as take-up for the year reached a record high of 830,404sq ft.” “Total available stock continuing to diminish, with just under 480,000 sq ft available – the lowest recorded level since 2000.”

CRBE managed to define the reason oil companies are increasing their operations in the area; attributing it to sustained high oil prices throughout H2 and, “new Treasury measures to promote investment in new and existing fields leading to a significant increase in activity in the North Sea, resulting in a strengthening in demand in the Aberdeen office market.”

Photo Courtesy of Bruce McAdam, WikiMedia Commons