Victim of its own success, Edinburgh City Centre now in Lack of Office Space

The amount of vacant space in Edinburgh has slipped to a very low level for the first time in many years. Recent reports from agents and surveyors suggest that Edinburgh would struggle immensely to attract a positive investment if office space / commercial property were not made available for companies who are looking to relocate, new start ups or for those who are already settled there and are looking to upsize their business.

Currently there is about 300,000 square feet of conventional space available in the city; the office availability has decreased to a rate of nearly 4 percent from this time last year. There are very little new developments or any high quality office premises in the city, many new developments for commercial property are expected to be completed by the end of year though saying this city needs to be quick on responding to such issues again in the future.

With the pressure of building costs, rental growth in Edinburgh cannot be avoided. If the city wants to see an increase of commercial space on the market then with out doubt they must accommodate this. With out any new space coming in, Edinburgh will only have less space to attract new investors and businesses to the market and this could risk losing a whopping £800 million in this sector.

Until new developments of commercial space have been built in Edinburgh, businesses can find as another alternative to go for serviced offices. Managed and flexible space may be a great solution for businesses; it allows them to have more flexibility on rental terms than the ones for conventional office space which require extra costs such as IT Infrastructure, rates...

Flexibility is a very important advantage to businesses, especially when a business is expanding or down-sizing in a city like Edinburgh where conventional office space availability is very low.

SOS > Search Office Space is the leading serviced office space provider in the UK. We list all centres and can help you with your office search by offering you a shortlist of serviced offices in the area where you are looking, but also give you impartial advice and arrange viewings on your behalf.

If you are looking for a serviced office in Edinburgh or any other location, whether it is nationally or internationally, SOS > Search Office Space will help you with your search. Call us on 0800 740 8080 or alternatively email your office space requirement to [email protected]