The Glasgow office market has had a strong year. The six months to September 2001 produced take-up of 525,000 sq feet, resulting in a healthy 12 month total of 830,000 sf, well above the long term average of 650,000 sf.
Large organisations in Edinburgh are adopting a "wait and see" stance but there has been increased activity and enquiries at the smaller end of the market. Total annual take-up for 12 months (754,616 sf) is down from the 1 million sf volume of recent years but closer to the 10-year average take-up of 775,000 sf.
In the oil-boom-town of Aberdeen, take-up of office accommodation in the six months to September 2001 fell by 53% to 110,000 sf, although the total number of completed transactions (45) is similar to the previous period."
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