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ABERDEEN has recorded its strongest quarter for office take-up since the pandemic, according to new analysis from Knight Frank. The commercial property consultancy found there were 221,213 sq. ft of office deals in the city during the second quarter of 2026 – more than three times the 68,482 sq. ft. recorded in the…
A scheme to help people in Scotland on low incomes and in priority groups buy their first affordable home has opened for applications. The Open Market Shared Equity Scheme (OMSE) is available for first-time buyers and priority access groups who can’t afford the full price of a home. This includes social renters,…
WORK has restarted at a council housing project in Fife after a new contractor was mobilised last month. The build of 97 new social rented houses at Lochgelly Road in Lumphinnans was paused following the insolvency of the previous contractor, First Endeavour LLP, in 2024. Construction has since been restarted on…
HOUSE prices in Scotland have continued to marginally rise, according to the balance of respondents to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey. A net balance of 5% of respondents in Scotland report that prices rose in the July survey, which is the lowest this balance has…
British Land announced the signing of three new retail tenants at its Glasgow Fort shopping centre.
KEEPMOAT is to deliver an additional 330 homes at its flagship NorthBridge development in Glasgow, following a strategic replan and approval from the city’s council. Set to be one of the largest regeneration schemes in the UK across multiple phases, the housebuilder will now increase its delivery from 834 homes to…
Caitriona Jordan, associate director for retrofit and energy efficiency at BE-ST, shares practical lessons in quality and training that have emerged from Tier 1 contractors working on large and complex Passivhaus projects in Scotland WITH the next consultation on the Scottish Passivhaus Equivalent due to be…
LAW firm Shepherd & Wedderburn has secured a 5,000 sq ft suite on the third floor of The Capitol in Aberdeen. Ryden announced the letting on 431 Union Street, which coincides with a new programme of improvement works launched by the building’s owners, DS Properties, aimed at enhancing the building’s street presence…
WARMWORKS and the Scottish Federation of Housing Associations (SFHA) have renewed their strategic partnership for 2026-27. The continued partnership will enable Warmworks to build on its existing engagement with SFHA members and share expertise and practical insights on energy efficiency and retrofit delivery.…
ABERDEEN-based property development and investment company West Coast Estates has completed the acquisition of a major commercial opportunity in St Andrews. Craigtoun Park, which has an estimated completed development value of approximately £25 million, is a seven-acre mixed-use development comprising more than…
OVERALL construction activity in Scotland was ‘relatively stagnant’ in the second quarter of 2026, according to the latest Royal Institution of Chartered Surveyors (RICS) Construction Monitor, despite a rise in infrastructure activity. A net balance of -2% of survey respondents reported a fall in construction…
THE Scottish Government has pledged up to £5 million to help support Edinburgh’s recovery from the fire on Princes Street. The major fire occurred at a former department store building on July 9, with around 50 firefighters battling the blaze at its peak. The funding will be administered by the local authority and…
AS Homes (Scotland) has begun the build of 12 social rented homes in Barrhead, on behalf of Barrhead Housing. Located on previously derelict land at Cross Arthurlie Street, near Barrhead Park and the town’s train station, the project will see a four-storey block of energy-efficient flats built, alongside a…
NEW research has revealed that demand for key construction materials needed to build new homes weakened further during the first half of 2026. The latest sales data from the Mineral Products Association (MPA) – based on actual volumes from members – shows that sales of ready-mixed concrete, aggregates and mortar…
CLARK Contracts has completed the transformation of a B-listed office building in Glasgow city centre into modern student accommodation. The refurbishment of 250 St Vincent Street has been carried out on behalf of Union Property Development. Now known as Glasgow Citi View, the project has provided 142 student beds…
BELLWAY Scotland East has completed the acquisition of an 18.7-acre site in Kelty, paving the way for the construction of 132 new homes. The move follows the granting of Approval of Matters Specified in Conditions (AMSC) consent in April. Pilgrim Manor, which is located on Cocklaw Street, forms the first phase of…
LARGE-scale regeneration schemes risk creating a sense of ‘cultural displacement’ among older residents, a University of Manchester report has warned. The report’s authors said that regeneration must do more than build new homes and infrastructure, with investment also needed in community centres, faith spaces,…
INVESTMENT of between £7.8 and 14.2 billion may be needed in Scotland over the next 15 years to adapt to the impacts of climate change, new research has warned. Published by ClimateXChange and led by the University of Strathclyde, the study provides the first comprehensive investment needs across five key sectors –…
THE Construction Products Association’s forecast for sector output has been downgraded in its summer forecast, due to the lagged impacts of the Middle East conflict that are starting to pass through to both the demand and cost sides of the UK economy. UK construction output year-to-date so far in 2026 has already…
GRAHAM has completed the build of a 321-apartment purpose-built student accommodation (PBSA) scheme in Glasgow ahead of the new academic year. The £38 million St Vincent Studios project has been delivered on behalf of developer Artisan Real Estate and Housing Growth Partnership, the Lloyds-backed investor in the UK…
THE £26 million James Thomson House at Dundee Waterfront has reached full tenant occupation. Delivered by Robertson Construction Tayside for Dundee City Council, the six-storey office building forms part of the city’s Waterfront regeneration programme. The building has now been fully let following the arrival of…
HURSTWOOD Holdings will press ahead with a £1.5 million refurbishment programme after acquiring a prominent Edinburgh office building. The Manchester-headquartered property investment and development company has bought 7 Lochside View, a 60,167 sq ft Grade A office building at Edinburgh Park, for an undisclosed sum…
A former Dunfermline primary school site has been transformed into an 85-home community. The project strengthens Fife Council’s affordable housing programme, with work carried out by main contractor Robertson Partnership Homes. Blacklaw Road is built on the brownfield 2.6-hectare site of the former Blacklaw Primary…
CCG (Scotland) has started Phase 2 of the Athletes’ Village development in Glasgow’s east end, breaking ground on the construction of 58 new affordable homes. Funded by Thriving Investments, the new development represents another step in the evolution of Dalmarnock since the 2014 Commonwealth Games. CCG was a…
AS Homes Scotland has submitted a planning application for 59 new affordable homes in Glasgow’s east end in partnership with Home Group. Located on the corner of Appin Road and Todd Street in the Haghill neighbourhood, the proposed development will primarily deliver two-storey properties with private rear gardens…
Knight Frank's Q4 2025 quarterly review analyzes investment trends, student demand, and supply delivery in the UK purpose-built student accommodation (PBSA) market, finding that investors committed £4.3 billion to PBSA in 2025 (up 10% year-on-year) across 79 deals, with increasing investor appetite for first-generation standing stock and portfolio-level transactions despite pricing misalignments and weaker leasing cycles. Demand-side analysis shows undergraduate acceptances for 2025/26 rose 2.3% year-on-year to 577,725 students with Russell Group institutions significantly outperforming, while PBSA delivery reached 19,600 beds across 64 schemes in 2025 with an additional 50,250 beds under construction, concentrated in London, Bristol, Glasgow, Coventry, and Manchester.
JLL's Big Six Residential Development Report for Summer 2025 analyzes residential development trends across six UK cities (Birmingham, Bristol, Edinburgh, Glasgow, Leeds, and Manchester), finding average annual price growth of 1.7% and rental growth of 2.1% across these markets, with Birmingham leading in both metrics and over 14,500 BTR units in its pipeline. Key findings include a 64% increase in BTR investment in H1 2025 versus the five-year H1 average, normalization of rental growth from 4.2% in December 2024 to 2.1% currently, removal of Scotland's temporary rent cap legislation on 1 April 2025, and development viability challenges from building safety regulations and planning restrictions impacting new home completions despite strong underlying demand for urban housing.
Prime office rents across the UK's 15 key regional office markets rose by an average of 8.2% in 2025, with the Big Six markets (Birmingham, Bristol, Edinburgh, Glasgow, Leeds, and Manchester) experiencing stronger growth of 10.2%, driven by limited supply of high-quality space and strong occupier demand. Investment activity remained subdued at £938 million through Q3 2025, level with the prior year, though sentiment improved and sentiment indicators point to recovery expected in 2026 supported by high-profile asset disposals and improved financing conditions.
Glasgow's office market recorded 433,781 sq ft of total take-up in 2025 across 137 transactions, the highest annual total on record, with Grade A and Prime take-up reaching 229,087 sq ft (53% of total) and 31% higher than 2024 levels. Prime headline rent remained at £41.50 per sq ft in Q4 2025, having grown 28% over five years, with Savills projecting growth to at least £45 per sq ft by end of 2026 and £50 per sq ft by 2030, while overall availability decreased to 2.1 million sq ft with a 14.1% vacancy rate.
This is a market report published by Colliers on December 31, 2025, providing a snapshot of the property market in Glasgow, Scotland as of November 2025. The report covers capital markets activity in the Glasgow geography.
Glasgow's office market experienced record take-up of 439,367 square feet in 2024 across 126 transactions, driven primarily by the legal sector which accounted for 41% of professional sector activity, while the market faces acute supply constraints with only 0.8 years of prime office stock available and prime rents exceeding £40 per square foot. The document identifies emerging growth sectors including health tech, fintech, and creative industries alongside traditional strengths in engineering and professional services, with approximately 874 fast-growth private companies and £267 million in venture capital raised over recent years positioned to drive future office demand.
Glasgow's office market achieved Q1 2026 take-up of 139,900 sq.ft., driven by major deals from Shawbrook, Tesco, and Centrica, with prime rents holding at £41.50 per sq.ft. despite supply constraints and no space currently under construction, though rent uplifts are anticipated for the remainder of the year.
Knight Frank's 2025 Scotland Report provides a cross-sector review of the Scottish commercial real estate market covering offices, manufacturing, and retail, finding that while leasing activity shows resilience particularly in major centers with concentrated demand for high-quality assets, legacy stock faces obsolescence risk and secondary properties struggle to attract investment unless significantly repriced. The report details that Edinburgh office take-up grew 62% in 2024 underpinned by a major HBOS lease of 282,000 square feet, Glasgow take-up rose 37%, and prime rents have increased notably with Edinburgh experiencing 30% growth since March 2020, though new development pipelines remain constrained with only 38,361 square feet of new space available in Edinburgh.
Total retail investment volumes in 2025 are forecast to reach £5.83 billion, down 17% on 2024 and 8% below the 10-year average, with underperformance driven primarily by a shortage of large-scale shopping centre availability in the first half and significant retail warehousing slowdown in the second half. All retail sub-sectors showed strong occupational performance in 2025 with declining vacancy rates (down to 13.5% nationally, the lowest since COVID), rental growth projected at 3.2% (the strongest since 2006), and shopping centres and foodstores emerging as top-performing asset classes alongside retail warehousing, with the sector forecast to deliver total returns of 9.5% in 2026.
Knight Frank's Q3 2025 quarterly review reports that investors committed over £3 billion to the UK Build to Rent market in the first nine months of 2025, with more than £850 million invested in Q3 alone, representing a 35% year-on-year increase across multifamily housing, single-family homes, and co-living sectors. The document notes that UK BTR completed stock surpassed 153,367 homes as of Q3 2025 (up 25% compared to Q3 2024), with an additional 54,354 homes under construction expected to bring the sector to over 200,000 operational homes within the next few years, though challenges including construction viability, planning delays, and Gateway approval processes are expected to result in falling completions in coming years.
Knight Frank's Q3 2025 UK Cities Office Market Review analyzes leasing, supply, investment, and rental trends across ten regional UK office markets including Aberdeen, Birmingham, Bristol, Cardiff, Edinburgh, Glasgow, Leeds, Manchester, Newcastle, and Sheffield. Key findings include leasing activity reaching 2.5 million square feet in the first half of 2025 with year-on-year growth, seven of ten cities recording rental increases as high as 20%, limited new and Grade A space availability at a 3.0% vacancy rate, investment volumes of £373.5 million in H1, and stable prime asset pricing at 6.50%.
Knight Frank's H1 2025 Office Market Mid Year Review examines leasing, supply, investment, and rental trends across ten UK regional cities including Aberdeen, Birmingham, Bristol, Cardiff, Edinburgh, Glasgow, Leeds, Manchester, Newcastle, and Sheffield. The report finds that regional leasing activity reached 2.5 million square feet in the first half of 2025 (7% above H1 2024), seven of ten cities recorded year-on-year rental growth reaching as high as 20%, but investment volumes were subdued at £373.5 million and new grade A office space availability remained critically tight at 3.0% vacancy, creating intense competition for quality space.