Serviced Offices Are Hot Property in Aberdeen
AberdeenΓÇÖs property market continues to boom, and serviced offices are no exception. So what does this mean if youΓÇÖre looking for business space?
One of the strongest economies in the UK
Throughout the economic downturn, Aberdeen remained one of the strongest performing economies in the UK. With record levels of investment in 2013, the cityΓÇÖs energy industry continues to flourish, today incorporating renewable sources such as offshore wind and hydrogen fuel alongside the non-renewable oil which revived the cityΓÇÖs fortunes in the 1960s.
The growth of the energy industry continues to fuel AberdeenΓÇÖs strong property market which is one of the cityΓÇÖs key industries, with business space of all types in high demand.
This imbalance of supply and demand means that businesses can expect to pay a premium for commercial premises, including serviced office space. officebroker.comΓÇÖs most recent serviced office data has revealed Aberdeen as having the highest rental rates outside of London. In 2013, the average price per desk per month increased to ┬ú492, up from ┬ú393 in 2012.
According to officebroker CEO Chris Meredith, the strength of AberdeenΓÇÖs serviced office market has positioned it as ΓÇ£ScotlandΓÇÖs MayfairΓÇ¥; a place where high demand and limited supply have resulted in premium pricing.
Serviced office options in Aberdeen
Despite this rise in price, serviced offices remain an ideal option for those looking to secure project space and, as a result, they continue to be snapped up as soon as they become available. Businesses looking for space here need to be decisive and move quickly to secure the space they need.
While occupancy levels are high, there are a number of different styles and sizes of business centre in Aberdeen, from Grade A serviced space on Union Street at the heart of the city centre, to modern, business park style space on the banks of the River Dee.
Moreover, serviced office providers are increasingly keen to establish a presence in Aberdeen. The city saw the launch of one brand new Grade A business centre in 2013 and several further business centres are expected to come to market in 2014. Demand for space will remain high but Aberdeen businesses can look forward to an increasing supply and more serviced options to meet their requirements.
Looking to find out more about your office options in Aberdeen? To find out about the latest availability, speak to the officebroker team on 020 3053 3886.