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Five of the Big Six Office Markets Facing Prime Supply Shortage

Rents Are Rising and the Gap Between Price Paid To Occupy Prime and High-Quality Refurbishments Has Never Been Smaller
50 Bothwell Street in Glasgow is an example of a quality refurbishment stepping in as an alternative to new build prime in the regions. (Savills)
50 Bothwell Street in Glasgow is an example of a quality refurbishment stepping in as an alternative to new build prime in the regions. (Savills)
CoStar News
March 16, 2023 | 10:43 AM

Five of the UK's Big Six regional office markets – Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester – are facing a supply shortage of upcoming prime offices, which is driving up rents and creating opportunity for refurbishments, reports Savills.

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