Office lettings in Aberdeen nearly doubled in number during the first nine months of 2018, new figures from Savills show.
The property firm has reported a total of 74 deals in the Granite City in the period, nearly twice the number seen during the first nine months of last year.
Savills said the Aberdeen office market was continuing to “galvanise” as the north-east economy recovers from a savage downturn.
Take-up for the first nine months of this year totalled 276,240sq ft, compared with more than 400,000sq ft across 67 deals over the whole of 2017, according to Savills.
Last year’s take-up was boosted by two large deals which accounted for more than 50% of the total.
Dan Smith, director in the business-space agency team at Savills in Aberdeen, said: “In tandem with the strong recovery in Brent crude oil, that is now hovering at around $80 a barrel, we continue to see more activity in the market as ever more businesses look for office space in Aberdeen.
“As we reported at the half-year point, when it was apparent there were more office lettings happening, a market with greater churn is a healthier one.
“It is encouraging to see this upward trajectory continue.”
Key deals this year include Aberdeen Journals, Royal Bank of Scotland and the NHS taking space at Marischal Square, lets to Verus Petroleum, Barclays and Cats Management at the Silver Fin building in Union Street, and Noble Drilling’s relocation to the Stratus building at ABZ Business Park.
Recommended for you
