Ryden races back to the top of Glasgow offices rankings

Ryden has raced back up the Glasgow office rankings to return as the top office agent in the city, according to EGi’s Regional Office Research. The local agent returned to the top after falling to second last year, disposing of 342,000 sq ft of space in the year to the end of September, 50% higher than its total last year. It secured tenants for nearly 1,000 sq ft more than JLL needed to secure the top spot in 2015. SEE ALSO: Dramatic increase in Glasgow deals This echoes wider improvements in the market. Overall the market surged ahead registering a 30% rise in take-up in the previous year and bursting through the 1m sq ft mark. Deals rose by almost a fifth. Breakdown by agent Glasgow Office League Table 2016 Create column charts Ryden acted on 81 deals totalling 342,380 sq ft. It secured an increase of space disposed close to 50%, 15% more deals, and a rise of nearly 30% rise in average deal size. JLL increased its own deals numbers from last year by 8% but average deal sizes fell by 34%. CBRE disposed of an average of 16,728 sq ft per deal, last year it had the largest average with 10,798 sq ft. It continues this record if we take out Brodies’ one deal where AXA signed for 49,500 sq ft at the Cuprum Building. Knight Frank at number five is this year’s biggest riser, up from ninth, helped by the 49,500 sq ft AXA deal and also the Regus letting at Tay House at 300 Bath Street. The largest deal was ACCA taking 55,750 sq ft at 110 Queen Street, which helped Phil Reid Associates finish seventh, the same position as 2014, after a year in the 10th spot in 2015. • To send feedback e-mail nadia.elghamry@estatesgazette.com or tweet @NadiaElghamry or @estatesgazette