Glasgow’s office market is powering ahead. In the year to the end of September the amount of space signed for rose 41%, bursting through the 1m
sq ft barrier, according to figures from Estates Gazette’s Regional Offices Research. That performance shows no signs of tapering off, and in Q3 the city put in the strongest regional performance, outperforming even London, with a take-up of 83%.
Two lettings by Network Rail boosted figures, with the rail operator signing for 39,800 sq ft at 50 George Square and then taking the largest regional deal of the last quarter with the 48,500 sq ft letting on Vincent Street.
Deals to Regent Street Hotels, where CBRE sold a 38,000 sq ft vacant office building at West Regent Street, and Clydesdale Bank signing for 31,000 sq ft were not far behind.
Top Scotland Agents 2014 (by amount of space transacted)
1
Ryden
2
JLL
3
Cushman & Wakefield
4
DTZ
5
CBRE
6
GVA
7
Phil Reid Associates
8
Lambert Smith Hampton
9
DM Hall
10
Cargill Property Consultants
*12 months to the end of Sept 2014. Arrows indicate change in position from previous 12 months
On the up Cushman & Wakefield
In a hot Glasgow market, half of the city’s top 10 office agents more than doubled the amount of space they transacted in 2014, but one nearly tripled the amount. Cushman and Wakefield signed 28 deals this year, averaging more than 9,000 sq ft per deal and rose two places in EGi’s rankings. The largest, along with joint agent DTZ, was the letting of four floors totalling 37,000 sq ft at Blythswood House on West Regent Street, G2.
Going down Cargill
Cargill Property Consultants was the only agent in the top 10 to transact less space than last year. The firm still managed a healthy clutch of deals – 12 in total – but the average size slipped and the agent also dropped one place in the rankings, from ninth in 2013 to tenth this year.
Glasgow’s office market is powering ahead. In the year to the end of September the amount of space signed for rose 41%, bursting through the 1m
sq ft barrier, according to figures from Estates Gazette’s Regional Offices Research. That performance shows no signs of tapering off, and in Q3 the city put in the strongest regional performance, outperforming even London, with a take-up of 83%.
Two lettings by Network Rail boosted figures, with the rail operator signing for 39,800 sq ft at 50 George Square and then taking the largest regional deal of the last quarter with the 48,500 sq ft letting on Vincent Street.
Deals to Regent Street Hotels, where CBRE sold a 38,000 sq ft vacant office building at West Regent Street, and Clydesdale Bank signing for 31,000 sq ft were not far behind.
Top Scotland Agents 2014 (by amount of space transacted)
1
Ryden
2
JLL
3
Cushman & Wakefield
4
DTZ
5
CBRE
6
GVA
7
Phil Reid Associates
8
Lambert Smith Hampton
9
DM Hall
10
Cargill Property Consultants
*12 months to the end of Sept 2014. Arrows indicate change in position from previous 12 months
On the up Cushman & Wakefield
In a hot Glasgow market, half of the city’s top 10 office agents more than doubled the amount of space they transacted in 2014, but one nearly tripled the amount. Cushman and Wakefield signed 28 deals this year, averaging more than 9,000 sq ft per deal and rose two places in EGi’s rankings. The largest, along with joint agent DTZ, was the letting of four floors totalling 37,000 sq ft at Blythswood House on West Regent Street, G2.
Going down Cargill
Cargill Property Consultants was the only agent in the top 10 to transact less space than last year. The firm still managed a healthy clutch of deals – 12 in total – but the average size slipped and the agent also dropped one place in the rankings, from ninth in 2013 to tenth this year.
Glasgow’s office market is powering ahead. In the year to the end of September the amount of space signed for rose 41%, bursting through the 1m
On the up Cushman & Wakefield
Going down Cargill
