2023-07-26-莱坊-UK_Cities_Edinburgh_Q2_2023_1页_331kb

Edinburgh Office Market Q2 2023 Summary

• Investment Trends: Occupational investment take up reached 200,000 sq ft. Under construction volumes stand at 280,000 sq ft for 2023, with 83% categorized as let, driven by ongoing schemes through 2025.

• Vacancy and Yield: Grade A vacancy rate is 10.2%, with average yields decreasing significantly, down by 81% from the 10-year average.

• Demand and Deals: Deal activity showed a strong decline, while prime yield is forecast at 5.75%, with prime rent at £43.00 per sq ft. Supply availability indicates active market conditions.

• Market Highlights: Notable trends include high speculative investment and a prime yield forecast of 78%, reflecting mixed market sentiment.

• Transaction Details: A prime property sale occurred at 2 Freer Street, involving Analog Devices, a building of 28,086 sq ft sold for £16m.