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Edinburgh office space take-up doubled in Q2

Edinburgh office space take-up doubled in Q2

The latest research by Cushman & Wakefield shows that take-up of prime office space in Edinburgh has almost doubled in the second quarter of 2009 compared with the first.

A report by the Business Scotsman states that the volume of new office space leased in Edinburgh increased, along with the transaction size of new lettings.

Grade A office space rental values in Edinburgh are said to have dropped to £28.50 per sq ft, which brings the city on a par with office space rates in Glasgow and Manchester.

Edinburgh’s largest letting of 2009 Q2 was a 17,697 sq ft space taken by accountants Scott Moncrieff at Exchange Place. Hymans Robertson also took 13,029 sq ft at the property.

Angela Lowe, associate at Cushman & Wakefield, said:

“Companies are still prepared to move in the current economic climate to the highest quality offices in the best locations, as a result of expansion needs or a flight to quality.”

If you’re looking for serviced office space to rent in Edinburgh, get in touch with our team of experts for pricing details, or start searching for your preferred location at officebroker.com.

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Author: | August 26, 2009 | 0 Comments

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