11 offices results

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.

Nowadays, offices available for rent in Aberdeen occupy approximately 2,7 sq.ft. Though, a significant percentage of supply is of poor quality. It makes lots of landlords redevelop and repurpose spaces into more appropriate to fit the requirements of small and medium businesses. The tough situation with the vacant office spaces is observed mainly in Aberdeen’s centre. It is not only because this neighbourhood is one of the most prominent business locations, but also because of the migration of west-end occupiers to this district. As a result, lots of workspaces in the city’s suburbs remain vacant and are likely to be demolished or transformed into residential units in the nearest future. It will help to decrease the oversupply of outdated or poorly located offices. The new-built or refurbished offices in the heart of Aberdeen are always in high demand among tenants. The majority of companies need to rent spaces that occupy under 5 thousand sq.ft. The rental costs range from around GBP18-25 per sq.ft, though, sometimes they exceed GBP30 accordingly.

With over 10 thousand startups and small businesses, Aberdeen is an up-and-coming location in Scotland. It is the country’s third-largest city that has unparalleled access to natural resources. The area is famous for the broad entrepreneurial community and offers multiple opportunities for running businesses in manufacturing, energy and engineering. The entrepreneurs who wish to locate businesses in the city will have the chance to benefit from the large and talented workforce pool — more than 70 thousand working-age population boast high-level qualifications. The employees, in their turn, receive high salaries. The area has perfect international links. It takes around 3 hours to get to Edinburgh and Glasgow. Using the Airport, you will have the chance to reach London in less than one hour.