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Market Update

Edinburgh Offices - Q1 2013

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Edinburgh’s office market had a realtively subdued start to the the year, with Q1 take-up of c.80,000 sq ft, down by 47% on Q4 2012 and 6% on a year ago.

Prime headline rents remained unchanged on Q4 at £27.00 per sq ft and net effective rents were also stable at £19.00 per sq ft.

While the vacancy rate edged down to 7.25% and the availability of Grade A space rose to 290,000 sq ft, active named requirements dropped in Q1 to reach 280,000 sq ft – remain 6% down on a year ago.

Source : Knight Frank

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Keywords : Knight Frank

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