Aberdeen’s office market is forecast to experience the highest rent rises in the UK this year, according to a Knight Frank report.
The surveyor’s Regional Office Market Presentation (ROMP) predicts a 16% rise for Granite City offices by the end of the year.
This will see headline rents rise from £21.50 in quarter 1 to a high of £25.
Sheffield and Liverpool are also predicted to see double digit growth, according to the report, experiencing a 14% and 10% rise respectively.
Katherine Monro, a partner with Knight Frank in Aberdeen, said: “A lack of high quality grade A stock is continuing to drive rents in Aberdeen and we have witnessed a steady rise in rates.
“The Aberdeen market has performed particularly well and the city’s buoyant economy continues to attract and maintain investment demand.”
Edinburgh is also predicted to see a 4% spurt this year. Glasgow rents will remain static for the rest of the year but the city has already seen 6% growth since the start of the year.
The report suggests Scotland’s key centres have experienced growth this year due to “a robust investment market, secure rental markets and rising demand”.
Second-tier regional cities, such as Aberdeen, Newcastle, Liverpool and Sheffield, are anticipated to see the strongest growth.
