Summary and analysis of Glasgow's current office real estate market conditions.
Insight
21 May 2025
Glasgow Office Market Dynamics, Q1 2025
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Quarterly take-up was 10% higher than the five-year quarterly average and the largest quarterly volume in over three years.
Prime rents increased by 5.1% to £41.50 per sq.ft. during Q1.
Supply continued to edge downwards, with refurbished space recording the largest contraction over the quarter.