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Demands for office space in Central Belt remain high

CBRE’s H2 2016 Office Market Views for Scotland have shown success across the board in Aberdeen and Glasgow, with occupier demand on the rise in comparison to recent years. Supply reached a record low in Edinburgh but there are various new developments set to provide occupiers with high-quality options in 2017.Glasgow
The Glasgow office market had a solid performance with take-up in 2016 reaching almost 664,000 sq ft, a 21% increase on take-up in 2015. The figure is on par with the previous two years, despite leasing activity slowing in the second half. The largest deal of H2 was a 29,890 sq ft letting to Edrington Group at 100 Queen Street. During the year the banking & finance sector scooped 28% of space with the public sector f...[…]