The Q4 Edinburgh office market was characterised by 3 things – a clear return in confidence to the occupational markets, aggressive alternative use buyers taking advantage of continued negative office investment sentiment and further construction cost volatility.
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As predicted, Q3 saw a West Edinburgh bounce-back with new or well refurbished product attracting strong tenant demand from a variety of sectors. The city centre remains very active, particularly at the smaller end of the market although we anticipate a number of larger 20k…
The lack of speculative Edinburgh product is well documented and whilst strong rental growth is rife across the core city centre market, it is undermined by continued challenges in the debt and construction markets, together with a lack of investor sentiment.