Glut of business park space hampers Scotland office market

Scotland has the second-highest amount of business park space currently available nationwide. This goes some way to explaining why absorption rates for office premises are above the national average, with five years’ worth of stock (based on the last 12 months of take-up) currently on the market, against the national average of 3.2 years. Factoring in under-offer space reduces this somewhat, with Scotland behind only the North West and the West Midlands for square footage due to transact imminently.
Scotland’s industrial stats are slightly behind the nationwide