‘Record-breaking half year for Edinburgh office market’
Only yesterday I quoted these figures for office leasing in Aberdeen:
‘Aberdeen office take-up for first half of 2017 exceeds entire 2016 figure. According to international real estate advisor Savills, office take-up in Aberdeen in the first half of 2017 has already reached approximately 270,000 sq ft (25,083 sq m), marking a 17% increase on total take-up for the whole of 2016 (c.231,000 sq ft / 21,469 sq m).’
Today, we see the same thing happening in Edinburgh, further reinforcing the evidence of the growing Scottish economy. See this from the Scottish Business New Network:
‘The biggest office leasing deal in Edinburgh for over twenty years has helped generate a record level of half year occupier activity, despite the General Election slowing decision making across certain sectors and pockets of the market, according to new research from JLL. Office space taken in Edinburgh during the first half of 2017 reached over 770,000 sq ft, the highest half year in the past ten years, with JLL involved in 65% of activity. Around 550,000sq ft was transacted in Q2 (April-June) alone. The half year total marks a 32 per cent increase on the 530,000 sq ft transacted during the first half of 2016.’
How much more punishment can our Unionist politicians and media take? You just can’t argue with facts like these. Business people don’t splash out like this unless they know there are profits to be made.