For the first time, Knight Frank has risen to the summit of our Glasgow office league table. With a total of 258,433 sq ft of office space disposed in the city centre, the agency has greatly improved on the figures of last year despite the crisis that has hit the office market in the last six months.
The effect of these challenges can be seen in the fact that half of Knight Frank’s 28 deals were transacted in the final quarter of 2019, with the other half spread across the first three quarters of 2020.
The two largest deals over the last year, both at HFD Group’s 177 Bothwell Street (pictured), were Opus taking nearly 65,000 sq ft and Clydesdale Bank’s new owner, Virgin Money, taking over 48,000 sq ft. All three agents acting on these – Knight Frank, CBRE and Reith Lambert – find themselves in the top three spots of our table.
