Search
 

Regional Cities See New Rental Highs

LONDON-Edinburgh is the most expensive office location outside London, according to new data from Knight Frank. The downturn in the market in London and the South East has yet to spread to the regions.

By Graham Parker | Updated on August 17, 2001

LONDON-Edinburgh remains the most expensive office location outside London, with prime office rents in the Scottish capital reaching £28 ($40) per sf according to a new survey of regional office rents from Knight Frank. And Birmingham now boasts the second highest rents following a deal at the prime Brindleyplace development where £25 ($35.75) per sf was achieved.

Over the 12 months to June 2001, the average office rental growth in the 12 regional centres analysed by Knight Frank was 7.4%. Leeds experienced the strongest growth at almost 14%. Newcastle followed shortly behind with growth of just over 11% with Glasgow, Cardiff and Manchester all experienced rental growth of 9% over the last year.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.