More evidence Scottish economy is strong: Demand for office space in Glasgow highest for ten years

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(c) instantoffices.com

We saw similar evidence in July with a massive increase in demand in Edinburgh. See:

‘Staggering’ 175% increase in Edinburgh office take-up is further evidence of booming Scottish economy

Now Glasgow looks like following suit with levels of demand the highest since before the crash in 2007/8. According to BQ:

‘Investment in Glasgow office space has exceeded levels last seen a decade ago and could be in line for a record-breaking year, according to Knight Frank. The independent property consultancy said that the recent sales of HFD Group’s 122 Waterloo Street, which Knight Frank advised on, and St Vincent Plaza took investment in the first 10 months of the year to more than £422m – close to the 2007 total of £428m. With another £183m under offer, total investment could breach the £600m mark by the end of 2017.The previous best performing year was 2006, when investment in Glasgow offices reached £485m – records are only available dating back to 1999. The 10-year average is £206m.’

Businesses investing in office space means more employment and, of course, more economic activity contributing to the national tax revenue and justifying the spend on public services.

Add this news to that from Edinburgh, falling unemployment levels, increased business confidence, a strong trade surplus, the boom in renewables and the resurgence of oil prices and you can only conclude Scotland is in a strong and improving economic position.

See these for evidence of these claims:

Scotland’s 2017 trade surplus grows as England’s deficit soars saddling the UK with ever more debt

Evidence of Scotland’s ‘strong and sustained entrepreneurial spirit’ in trade mark applications

Business booms in Scotland under SNP-rule

77% of Scotland’s small and medium-sized businesses report success as Scottish Government reports record numbers exempt from rates and in the wake of figures revealing much greater signs of distress among rUK businesses.

http://www.bqlive.co.uk/scotland/2017/11/08/news/glasgow-office-investment-set-for-best-ever-year-28798/

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13 thoughts on “More evidence Scottish economy is strong: Demand for office space in Glasgow highest for ten years

  1. macgilleleabhar November 10, 2017 / 10:42 am

    More evidence supported good news John and that is despite the straight jacket of Westminster restrictions!
    I try to imagine the explosion of progress that independence would bring and sigh.
    I suspect the policies of continued infrastructure spending since 2008 ,the Living Wage and a more supportive social security approach have played a major part in this or is there something else at play?

    Like

  2. Alasdair Macdonald November 10, 2017 / 10:47 am

    If you keep producing these pieces of evidence that things are somewhat different from that presented by the unionist media, you will have them using your evidence to assert’ “If it ain’t broke, don’t fix it!!!”

    Like

    • Clydebuilt November 10, 2017 / 12:55 pm

      The Yoons don’t want Scotland to prosper (builds morale, leads to Indy). Give them time they will undermine the Scottish Parliaments powers, their ability to make a positive difference

      Like

    • macgilleleabhar November 10, 2017 / 1:34 pm

      Yes that is a valid point but I think John is doing a good job of undermining the Unionist’s main plank”Too wee too stupid” argument and if we can across what is possible while hobbled by Westminster it is all to the good.
      The people renting the space are themselves pretty savvy and must see what is going on.

      Like

      • Alasdair Macdonald November 10, 2017 / 5:02 pm

        I was trying to be tongue-in-cheek, hence the thre exclamation marks. You and I are in agreement.

        Liked by 1 person

  3. macgilleleabhar November 10, 2017 / 1:42 pm

    Yes that is a valid point but I think John is doing a good job of undermining the Unionist’s main plank”Too wee too stupid” argument and if we can across what is possible while hobbled by Westminster it is all to the good.
    The people renting the space are themselves pretty savvy and must see what is going on.

    Like

  4. macgilleleabhar November 10, 2017 / 3:52 pm

    I really must do something about my stuttering fingers.🤔

    Like

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