Blistering’ is a word I tend to associate with electric guitar solos, but Insider have used it for the dramatic growth of the commercial property market in Glasgow:Blistering’ is a word I usually asBlBottom of Form
‘Glasgow’s blistering commercial property market – bolstered by Barclays announcement for its Clyde-front office – has hit a record quarter for the expanding city centre. According to data from property agent JLL, Glasgow’s record quarter for office transactions brings the city centre’s total take-up for the year to date to 1,192,689 sq ft with three months of the year still remaining. By marked contrast, office occupier take-up for 2017 totalled 627,313 sq ft.’
This can be taken as further evidence of strength in Scotland’s underlying economy. If businesses are investing in property, then that means they have contracts to fulfil and workers requiring accommodation to enable them to do the work required. It’s pretty concrete evidence of economic health.
Earlier pieces on Glasgow and on property are here: