H1 Aberdeen take-up triples
Some 250,000 sq ft of office deals were transacted in the first half of 2022 in Aberdeen, according to the latest figures from Knight Frank.
The figure is almost three times as much as was reported in H1 2021 when just 55,597 sq ft was let.
April to June’s 60,000 sq ft was also more than double the 26,695 sq ft transacted during the same period in 2021.
Some 250,000 sq ft of office deals were transacted in the first half of 2022 in Aberdeen, according to the latest figures from Knight Frank.
The figure is almost three times as much as was reported in H1 2021 when just 55,597 sq ft was let.
April to June’s 60,000 sq ft was also more than double the 26,695 sq ft transacted during the same period in 2021.
The uplift in activity was boosted by Orega’s agreement to manage 15,000 sq ft at Aberdeen’s Silver Fin Building.
Eric Shearer, head of office at Knight Frank Aberdeen, said: “It’s been a relatively positive first half to the year, with Shell’s deal at the Silver Fin Building giving a real boost to the office market. While there is typically a lull as we head into the summer holiday season, there are enough deals on the horizon for the second half to remain cautiously optimistic about the six months ahead.”
He added: “The oil price is helping to buoy activity in the industrial market, but it is yet to truly filter through to offices. We hope that will change in the remainder of 2022 and into 2023, with the oil price forecast to remain high for some time yet, acting as a further catalyst to the office market’s recovery.”
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