Publications

Research - JULY 12, 2021

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Edinburgh office take-up surges in Q2 as economy reopens

by Released

Office take-up in Edinburgh, Scotland, increased nearly 80 percent in the second quarter of 2021 compared to the first three months of the year as the economy began to emerge from lockdown, according to Knight Frank.

The independent commercial property consultancy found that around 160,000 square feet of office space was transacted between April and June, up significantly on the around 90,000 square feet of take-up in the first quarter 2021 and 10,900 square feet during the same period last year — the height of the first lockdown.

Professional services was the most active sector, while the Nursing and Midwifery Council’s 11,500-square-foot letting at 10 George Street was the largest deal of the quarter and the average letting size was 4,100 square feet. There were also a large number of re-gears and lease renewals during the second quarter, which amounted to 58,000 square feet of office space.

With lockdown restrictions easing, demand for space remaining con

Forgot your username or password?