Market conditions

Question 1

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

Answer 1

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.

Question 2

What is the current condition of Edinburgh office market

Answer 2

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

Question 3

What is the current condition of Edinburgh retail market

Answer 3

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

Question 4

What is the current condition of Scotland Industrial market

Answer 4

• 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