units-to-let-glasgow

Commercial Property insight - Glasgow

Scotland’s largest city is benefitting from ongoing regeneration and there’s a healthy interest in commercial property to rent. Watch this space as the city, investors and businesses all face up to uncertainties surrounding Brexit and further talks of Scottish independence. In a recent Savills report, it found that recent investment has supported economic growth and transport links in, around, to and from the city are fuelling encouraging signs for the market. Savills spotlight, “The Future of Glasgow’s Real Estate” (February 2017) points to mixed use development in key areas in the city centre as bringing “much needed new residential, office and leisure space”. The city is home to the largest sporting infrastructure, boosted by Glasgow’s 2014 Commonwealth Games legacy, the SSE Hydro and the third biggest entertainment arena in the world – Glasgow can be classed as a “cultural powerhouse”. So what does this mean for people looking for offices to rent, shops to lease or workshops, industrial or storage units to rent? Glasgow is home to a diverse start up scene and there is keen interest in commercial property to rent. Highlights from the Savills reports include:
  • Grade A office space is in short supply
  • Top rents are £30 per sqft
  • There is 1.9million sq ft office space in the pipeline
  • The highest demand for space is within five minutes of the two main city train stations
See our  current up to date listing of offices to let in Glasgow. Researchers also found: There has been considerable trading activity for well-located and well-let multi unit industrial estates across Glasgow. The market continues to prove most active on sub 10,000sqft industrial units while online retailers, the likes of Amazon, are responsible for the large take up of industrial space. While 2016 was a record year for Edinburgh hitting a 10 year high in investment in commercial property, John Rae, capital markets partner and head of Glasgow Knight Frank believes some of the limelight should be heading Glasgow’s way in 2017. While there has been post-Brexit caution, he highlights big ticket transactions at 2 West Regent Street and the Grosvenor Building on Gordon Street. Rae believes these deals demonstrate “keener yields on city centre assets” and “the prevalence of overseas money coming into the city’s property”. And foreign investment looks set to continue as there is an opportunity to “buy assets while they are favourably priced”. Rae concludes: “Deals need to be done to unleash Glasgow’s potential”. So, Glasgow has a promising future with infrastructure improvements set to benefit businesses and residents in and around the city. Watch this space...

Retail units to rent on Boxpod

Seymour & Co has a 2,214sqft retail unit in G1 priced at £40,000 pa In Stirling, FK16 it is marketing a retail unit, was an Italian restaurant, for £8,100pa Canal Bank Estates has 376sqft shop/retail/studio units in FK4 from £87 pw See our  current up to date listing of shops to let in Glasgow.

Industrial units to rent on Boxpod

M7 Real Estate has industrial units/workshops sized 1970sqft-4027sqft in Cumbernauld, G67. POA In Bellshill, ML4 there are industrial units to rent from 883sqft-2000sqft POA Industrial units sized 300sqft-1733sqft are available and taking enquiries in G52. POA See our  current up to date listing of  workshops to let in Glasgow. Save Save Save Save Save