Edinburgh Office Space: Occupancy on the Rise
Just last month we were blogging about a rise in the cost of office rental in the City of London, which has increased by an average of ┬ú62 p/m, from ┬ú468 in 2010 to ┬ú530 in 2011.
Now it looks like businesses in the capital may have a viable alternativeΓÇª in Edinburgh!
That’s right; office space in Scotland’s capital is rising in popularity with traditionally London-based organisations, thanks in part to the introduction of a new high-speed rail service, the ‘Flying Scotsman’.
The new service from East Coast Trains has cut down the commute between London and Edinburgh to less than five hours each way, giving businesses new scope to relocate or expand between capitals.
Since its launch, the Flying Scotsman has already gone a long way towards improving office occupancy in Edinburgh and facilitated a smooth commute for a rising number of inter-capital commuters according to serviced office providers, 23 Melville Street.
23 Melville Street have reported an impressive occupancy rise of up to 86% in their first six months of trading, which the company is attributing in part to improved rail links with London:
“The launch of the Flying Scotsman service couldn’t have been better timed and the synergy between its first class service and our boutique facilities is uncanny,” reports Brian Cormack, specialist property developer.
“Our clients can commute between the two cities in less than five hours ΓÇô making it even more possible than before for them to be dual-centred. We’re delighted to be able to facilitate London-based firms moving into Edinburgh with the help of East Coast Trains. It’s great news all round.”