Rates of Prime Office Areas in Glasgow to Rise Soon
A floor of Capella construction is currently in the market. The property agents Cushman & Wakefield are of the opinion that this might be among the last prime office space available in
The floor is of 11,000 sq ft with large floor plates. Some more Grade A prime office space of around 118,000 sq ft is likely to come up later. An additional 116,978 sq ft is expected to be constructed as part of the G1 developments of the
When this construction is complete then no more Grade A office space areas will come on market for the next two years. This chance should not be missed by those who are seeking a reasonably priced office area for lease at around £26 per sq ft.
Currently, Cushman & Wakefield are in the process of approaching potential tenants and asking them to proceed before the chance is lost as the supply of high standard office area is bound to decrease soon which will push up the rental amounts for office areas.
The new report of C&W states that this year will see greater stabilisation in the market but there will be little growth. However, the bad phase for the Glasgow and Edinburgh office market is over.
Although, there would not be too much growth in these sectors but
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