Strong first quarter demand for office space

Published: 11 April 2018

Live requirements for Grade A office space in Edinburgh fuelled significant occupier demand during the first quarter of 2018, according to analysis by property consultancy, Knight Frank.

The latest commercial property figures show approximately 460,000 sq. ft. of new occupier requirements came onto the market in the first three months of the year from companies looking to lease office space in Edinburgh.

There’s still a positive story to tell of the city’s office market as a whole. In the first quarter of 2018, there were significant new occupier requirements...

Simon Capaldi, Office Agency Partner, Knight Frank

 

This demand suggests that a recorded decrease in total office take-up compared to the same period in 2017 (203,000 sq. ft. down to 146,963 sq. ft.), does not reflect the true picture of a more buoyant commercial property market in Edinburgh.

Notable agreements within the first quarter of 2018 include Regus’ collaborative working concept, ‘Spaces’, taking around 30,000 sq. ft. at One Lochrin Square and engineering consultancy, SWECO, acquiring approximately 15,000 sq. ft. at Edinburgh’s Quay 2, in deals involving Knight Frank...

Full story via SBNN news

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