Market conditions Flashcards
how do you think the construction of the new st james quater has effected Edinburgh’s property market
I think that it has shifted Edinburgh retail center of gravity away from the west end and toward the East.
I think the west end of Edinburgh has started to transform into more of a hospitality area and I think this trend will continue.
What is the current condition of Edinburgh office market
- headline rents about £37 per sq ft
- demand for office space remains robust
- prime yields 4.75%
What is the current condition of Edinburgh retail market
massively effected by covid-19 resulting in cancelation of fringe and delaying st james
- st james opened in June, consisting of 850,000 prime retail space at approx £150 per sq ft
- shift in the center of gravity away from west end to the east end at st james
What is the current condition of Scotland Industrial market
- demand is strong
- lack of supply effecting take up as occupiers struggle to find suitable accommodation
- supply issues pushing rents up
Scotland west prime rents- £7-£9 depending on size
Scotland East prime rent- £6.50-£10 depending on size