Aberdeen’s economy is intrinsically connected to the oil and gas sector. The office market in Aberdeen faced a so-called imbalance between the demand and supply when the prices for oil fell down. Though, the recent years prove that the worst is already behind, while the investments in the North Sea rise again. New businesses come to Aberdeen which results in the growing demand for office space. Though the local authorities have attempted to diversify the economy away from the energy sphere, it is still one of the significant factors than influences demand-offer for offices in Aberdeen. As soon as the prices for oil rise, take up also improves. The office stock in Aberdeen comprises more than 2,8 million sq.ft. of space. In the previous year, the total take-up reached 388 thousand sq.ft. The transactions rose by 38%, which proves the stability in the office market in Aberdeen.
