Higher oil prices and greater interest in renewable energy helped the take-up of industrial property in Aberdeen rise to its highest level in almost a decade, Knight Frank says.
The group's analysis found the Granite City saw 926,140 sq ft of take-up across 95 deals during 2022 - up 42% on 2021. That was the highest figure since 2014’s 1.33 million sq ft and well above the 10-year average of 723,819 sq ft.
The largest letting of the year was in Portlethen, where a waste company took 67,000 sq ft of industrial space.
