Glasgow still on track despite office space fall-off

By The Newsroom
Published 10th Nov 2016, 08:30 BST
Updated 16th Nov 2016, 17:14 BST
The largest deal of the quarter saw distiller Edrington let 29,890 sq ft at 100 Queen Street. Picture: ContributedThe largest deal of the quarter saw distiller Edrington let 29,890 sq ft at 100 Queen Street. Picture: Contributed
The largest deal of the quarter saw distiller Edrington let 29,890 sq ft at 100 Queen Street. Picture: Contributed

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The commercial property market in Glasgow saw take-up of space drop in the third quarter of the year but remains on track for a positive 2016 overall.

According to research by consultancy JLL, just over 97,000 sq ft of space was taken during the quarter, down 42 per cent from 166,914 sq ft in the second quarter.

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Despite the drop, Alistair Reid, JLL director, said: “2016 continues to be a strong year for Glasgow’s office market with total take-up exceeding the five-year average with three months of activity still to come.”

The largest deal of the quarter saw Edrington Group let 29,890 sq ft at 100 Queen Street. Other major deals included CGI taking 9,374 sq ft at the Inovo Building and Search Consultancy taking 9,116 sq ft at Atrium Court.

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