Office take-up in Edinburgh showed resilience in first quarter 2020 as the COVID-19 pandemic began to take hold, according to Knight Frank.
The independent commercial property consultancy reported 124,004 square feet of office space was leased across Edinburgh between January and March, with more than half — 68,915 square feet — concentrated in the city center. The city center figure compares with the 90,661 square feet recorded during the equivalent period last year.
Despite falling short of the five-year first quarter city center average (112,976 square feet), take-up was similar to the 68,946 square feet recorded in the final three months of 2019. Finance, banking and insurance firms were the most active sector during the first three months of the year, accounting for 46 percent of the city center take-up figure.
Knight Frank also reported a 15 percent increase in the number of enquiries compared to the previous quarter, but the majority has now been put
