Edinburgh office space reaches full capacity in record time
Office space in Edinburgh at The Stamp Office, a flagship property on Waterloo Place, has reached full capacity in record time.
According to Property Executive, it has taken just over a year to refurbish, market and lease all of the property’s vacant offices. It is now fully let to seven companies and over 400 people.
The businesses occupying the building range from gym operators Factory Gyms Ltd to internet travel specialists Skyscanner Ltd.
According to Property Executive, Neil Gordon, Director of Eric Young & Co, who were joint agents with Jones Lang LaSalle said:
“In this market you have to work smarter and a key factor in achieving this is flexibility. We listened to tenants and shaped the deals to meet exact requirements. Everyone is offering incentives right now so we tried to create new offers to appeal to individual business.
“Some of our deals involve a rent free period or a capital contribution, some were on the basis of stepped rentals and one involved our client fitting out the suite for the tenant. Being flexible and staying open minded makes a real difference right now and we’re pleased that it has worked for the Stamp Office.”