Edinburgh is facing a crunch point, with no available new office space currently under construction in the city centre, despite a strong rise in demand from occupiers as they return to the workplace.
Commercial property consultancy Knight Frank found that there is now zero sq ft of new build office space under construction in the capital that has not already been pre-let.
Although there are more than 400,000 sq ft of major new build and refurbishment projects set to be completed over the next two to three years, 746,950 sq ft of requirements have been issued already during 2022 for city centre space at an average size of around 5,100 sq ft.
