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Paper eres2006_315:
RECENT TRENDS IN THE EDINBURGH AND GLASGOW OFFICE MARKETS

id eres2006_315
authors Trevillion, Edward; Lulu Wang; Toby Withall
year 2006
title RECENT TRENDS IN THE EDINBURGH AND GLASGOW OFFICE MARKETS
source Book of Abstracts: 13th Annual European Real Estate Society Conference in Weimar, Germany
summary The paper examines recent trends in the dynamics of the office markets in Edinburgh and Glasgow and reviews their importance in the context of the office market in the UK as a whole. It compares and contrasts the economic drivers of demand in these two Scottish cities and places recent office development in this economic context as well as historic market conditions. In particular, it examines the total new floor space developed in the two cities since the mid-1990 as well as trends in office rents. The paper includes a comparison of cyclical trends in demand and supply in the two cities and examines the likely impact of future employment trends on office market dynamics. As a result of the continuing demand for office space, it is becoming clear that both City centres are finding it increasingly difficult to fulfil long term demands for business space and both are witnessing a shift away from the traditional central business districts to new business locations. In this context, the paper reviews recent trends in out-of-town development and the impact of city centre constraints on new office development.
keywords market analysis; Edinburgh offices; Glasgow offices; new development; future office trends; strategic office locations; office rental values; office floor space
series ERES:conference
type normal paper
discussion No discussions. Post discussion ...
ratings
session 8-D
last changed 2008/11/01 09:47
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