2024-08-28-莱坊-UK_Cities_Glasgow_Q2_2024_1页_303kb

报告摘要

Glasgow Office Market Summary

Core Content

The document provides an overview of the Glasgow office market, focusing on occupational demand and investment activity. It highlights key metrics such as space taken up, number of deals, sector activity, and market performance indicators.

Occupational Demand

Key Metrics

Take up (sq ft): 156,611
Number of Deals: 46
Most Active Sector: Professional Services
Grade A Availability: 156,611 sq ft
Vacancy Rate: 10.88%

Notes

All figures are based on the city centre area.
The Professional Services sector is the most active in terms of office space transactions.

Headline Transaction

Type: Sub-lease
Building: 177 Bothwell Street
Occupier: HFD Offices
Size: 24,864 sq ft

Investment Activity

Key Metrics

Volumes (£m): £77.20
Qtr vs 10-Year Average: +25%
Number of Deals: 7
Prime City Centre Yield: 7.50%
Prime OOT Yield: 10.00%
Forecast Total Return (PA 2024-2028): 4.8%

Notes

The increase in investment volume compared to the 10-year average indicates a positive trend in the market.
The Prime City Centre and Prime OOT (Outside the City Centre) areas are showing different yield levels, with OOT being more attractive in terms of yield.
The forecast total return is 4.8% per annum over the next five years, suggesting a moderate growth outlook for investors.

Headline Transaction in Investment Activity

Building: 1 West Regent Street
Price: £45.8m
Purchaser: Corum Asset Management
Vendor: M&G

This transaction reflects the current market dynamics, with institutional investors showing interest in prime assets.

Key Insights

Professional Services dominate the occupational demand in Glasgow's office market.
The city centre remains a focal point for both occupancy and investment.
Investment activity is increasing, with a 25% rise compared to the 10-year average.
Yield differentials between Prime City Centre and Prime OOT suggest varying levels of demand and supply.
The forecast total return of 4.8% indicates a stable but modest growth environment for office investments in Glasgow.