Market conditions Flashcards

1
Q

how do you think the construction of the new st james quater has effected Edinburgh’s property market

A

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.

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2
Q

What is the current condition of Edinburgh office market

A
  • headline rents about £37 per sq ft
  • demand for office space remains robust
  • prime yields 4.75%
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3
Q

What is the current condition of Edinburgh retail market

A

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
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4
Q

What is the current condition of Scotland Industrial market

A
  • 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

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