Edinburgh office take-up has performed strongly over the last few years. In 2017, the city experienced record-breaking office take-up, surpassing 1.1 million sq ft for the first time since 2004. Total take-up for 2018 was 972,634 sq ft, still ahead of the 10-year average.
Average annual rents for prime office space in Edinburgh city centre cost approximately £312.00 per sqm in 2017/18. Lower rates in other peripheral areas of the city can be secured, with many firms choosing West Edinburgh to host contact centres and other back office activities.
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Industrial parks, many of which are located on the outskirts of the city, tend to be well-connected to major roads and can help to improve logistics and make it easier to attract clients. Average annual rents for prime industrial space in Edinburgh cost approximately £86.00 per sqm in 2017/18. Again, depending on the location and specifications of the space in question, lower rates can be secured.
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A rich mix of speciality, multiple and destination retailers, all-year-round events, historic settings and ongoing public realm improvements have helped Edinburgh and the wider city region build its reputation as a retail destination. Average annual rents for prime retail space in Edinburgh cost approximately £2,580.00 per sqm in 2017/18, but these remain modest compared to similarly sized European cities.
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