Another Solid Quarter for Office Market

Published: 02 November 2018

Research by leading commercial property consultancy CBRE Scotland has revealed that office market activity in Edinburgh is up 28% on the same quarter in 2017.

City-wide Grade A take-up was 126,407 sq ft - over half of the total Grade A take-up for the year-to-date, which is sitting at just over 252,000 sq ft.

The professional services sector take-up in 2018 has been significantly higher than that of 2017...

Beverley Mortimer, Advisory and Transaction Services team, CBRE Scotland

 

CBRE was involved in 96,125 sq ft of Edinburgh office transactions (35%) including the pre-letting of over 55% of Capital Square on Morrison Street to legal firms Pinsent Masons and Brodies LLP.

Other notable deals include the letting of two new offices for Psigma Investment Management Limited at the Capital Building on St Andrew Square (3,615 sq ft) and 40 Torphichen Street (3,684 sq ft), and the remaining suites at 1 Lochrin Square to existing occupier Spaces and CTRIP (18,887 sq ft).

 

 

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