Third quarter take-up increased with the development of around 3,500 sq ft in the Aberdeen International Business Park in Dyce.
When revealing new numbers, real estate consultancy Knight Frank also found that the squatters returned to their jobs after the lockdown.
The company found that office use reached 51,316 square feet between July and September, an increase of around 97 percent from the take-up of space in the second quarter of 2021. It’s also well above the first quarter’s 28,000 square feet.
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Last quarter sales were boosted by the move of Mental Health Aberdeen to Langstane House, which has an area of nearly 12,000 sq ft. Other deals concluded between July and September included the move of the law firm Shepherd & Wedderburn to 37 Albyn Place and the takeover of Kuehne + Nagel around 3,500 sq ft in Aberdeen International Business Park in Dyce.
Although the take-up of space in the third quarter lags behind the same period in 2020, when around 80,000 m² of office space was processed, Knight Frank predicted that further “significant” deals could follow in the last three months of 2021 “positive annual results”.
Matthew Park, Office Agency Partner at Knight Frank Aberdeen, said, “The price of oil still has a huge impact on the commercial real estate market in Aberdeen, and the fact that it has stayed above $ 60 a barrel of oil equivalent for the past six months has “Helped.
“There is a cautious and cautious optimism returning to the market with multiple deals likely to close by the end of 2021.”
Edinburgh office space is growing the most in the second quarter with professional services …