Market in Minutes: Glasgow Offices
"Although take-up remained limited throughout Q1, the amount of office space currently under offer and the volume of requirements in the market present strong prospects for the remainder of 2021"
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"Although take-up remained limited throughout Q1, the amount of office space currently under offer and the volume of requirements in the market present strong prospects for the remainder of 2021"
"Activity rebounded in the first quarter of 2021"
"This report covers current office economic metrics plus recent sales data and comparisons of market indicators including rents, investment yields and capital values nationally."
"While average rents continue to correct, the overall adjustment has started to slow. Although rents in poorly located and ageing buildings are expected to deteriorate further dragging down the market overall, certain wards and submarkets are expected to hold up well."
"West End volumes set to increase following muted Q1"
"Many occupiers remain unclear what the future of their workplace looks like. "
"February sees viewings rise fast and take-up increasing, whilst tenant supply rises steadily"
"City supply continues to rise; however, Boris Johnson’s road map provides increased confidence"
"Yields remain static although sentiment improving"
"Environmental, social and governance (ESG) initiatives are currently spearheading the real estate scene with companies measuring their portfolios against sustainability benchmarks."