Summary and analysis of Glasgow's current office real estate market conditions.
Insight
19 May 2026
Glasgow Office Market Dynamics, Q1 2026
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The Glasgow office market recorded a positive start to 2026, with Q1 take-up reaching 139,900 sq.ft., largely boosted by deals to Shawbrook, Tesco and Centrica.
Prime rents held at £41.50 per sq.ft., although remain under pressure as supply constraints continue to tighten, with uplifts anticipated over the remainder of the year.
The development pipeline is constrained, with no space currently under construction.