Leasing activity was subdued in Q3, and the year-to-date total is below the five-year annual average.

Edinburgh has the lowest Grade A vacancy rate of all the Big 6 markets and, with no speculative space under construction or due to start imminently, there will be a diminishing supply of good quality space over the short to medium-term.

Prime rents remained at £46.00 per sq.ft in Q3 but will remain under pressure over the rest of the year.