Edinburgh’s office market got off to a positive start in 2021, despite ongoing lockdown measures restricting deal activity, according to Knight Frank.
The independent commercial property consultancy said that around 90,000 square feet of office take-up was transacted in the first quarter of the year across the city. This compared to 99,000 last quarter and 68,915 during the same period in 2020, largely before lockdown began to take effect in the United Kingdom.
Among the deals concluded between January and March 2021 was Motorola taking 10,844 square feet of office space at Caledonian Exchange, on which Knight Frank represented the landlord. Other significant deals included Trustpilot taking 9,500 square feet at 28 St. Andrew Square and MacRoberts, the law firm, securing 6,500 square feet at 10 George Street.
Demand for office space in Edinburgh has remained robust throughout the pandemic — around 500,000 square feet of requirements are still on the market.
