Glasgow Office Space Plants Regeneration Roots
The green light has been given for a major office development in Glasgow, with the construction of this office space being seen as a significant step toward the wider regeneration in the Bridgeton area of the cityΓÇÖs East End.
Due to be occupied by the Glasgow Community Safety Services, the 6,800 sq. ft. office development will be one of many projects overseen by the Clyde Gateway Regeneration Company ΓÇô an organisation charged with bringing new homes, jobs and businesses to the Bridgeton, Dalmarnock, Rutherglen and Shawfield areas of Glasgow.
With the Athletes Village for the 2014 Commonwealth Games also due to be located within this area of the city, the massive regeneration scheme will seek to capitalise on the additional focus this will bring in order to deliver lasting change to the area.
Previous projects within the regeneration scheme also include the conversion of defunct buildings into serviced office space ΓÇô targeted at encouraging start-up businesses in the area as they work toward the aim of generating 21,000 new jobs over the next two decades.
Despite a tough couple of years, the serviced office market has continued to grow within the Glasgow area, with the number of new businesses choosing to locate themselves within serviced offices increasing by 8%* between January ΓÇô November 2010.
In addition to the number of businesses increasing, the spatial requirements of those entering serviced office space in Glasgow has also increased, rising by 48% from an average of 3.9 workstations per client in 2009 to 5.8 workstations in 2010.
Unlike much of the UK, the average workstation price in GlasgowΓÇÖs serviced office centres has also increased, rising from an average of ┬ú188.00 in 2009 to ┬ú198.00 in 2010 ΓÇô a price change which represents a 5% increase during the same period that the UK average price fell by 2%.
The improved 2010 prices recorded in Glasgow reflect a trend seen throughout Scotland during 2010, which unlike the majority of the UK saw average workstation prices exceed 2009 levels ΓÇô with the average price of ┬ú202.00 per workstation in 2009 growing to an average of ┬ú235.00 per workstation by the close of November 2010.
A final assessment of ScotlandΓÇÖs serviced office space market will be published in the Serviced Office Review: Scotland Q4 2010- due to be published by officebroker.com in late January / early February 2011. The Q3 2010 edition of this report can be viewed and downloaded for free by clicking HERE.
*Source: officebroker.com, placed clients comparison Jan-Nov 2009 vs. Jan-Nov 2010.
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