‘Glasgow’s blistering commercial property market’

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(c) gisforthought.com

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.’

https://www.insider.co.uk/news/glasgow-commercial-property-edinburgh-market-13366744

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:

Miles Better? Glasgow hotel revenue growing eight times faster than UK average

Massive increase in spending by international visitors to Glasgow

‘Edinburgh and Glasgow in top five cities to work in UK’

More real economic strength revealed as demand for Glasgow office space increases dramatically

‘Glasgow named top convention spot for a record 12th year in a row’

Glasgow’s lower costs and supply of technology graduates tempting financial services firms away from London

One more indicator of economic well-being as Investment in Glasgow office property surges four-fold and Scotland ‘very much on the wish list’

Glasgow only UK city to make New York Times top ten cities to visit. Dundee makes CNN’s most design-savvy list with Tokyo and Paris

One more indicator of economic well-being as Investment in Glasgow office property surges four-fold and Scotland ‘very much on the wish list’

More real economic data: 37% surge in investment in Scottish commercial property, greater diversity and higher profitability than in the UK

Scottish economy’s underlying strength invisible to our Nomedia

Miles Better? Glasgow hotel revenue growing eight times faster than UK average

 

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