Office rents are breaking through new rental milestones in Edinburgh and Glasgow while tenants are seeking smaller spaces, according to new analysis from Knight Frank.
The commercial property consultancy’s Scotland Report 2025 found prime rents in Edinburgh have achieved £46 per sq ft, while Glasgow hit £41.50 per sq ft and Aberdeen has remained stable at £32.50 per sq ft.
Edinburgh rents have increased 30% since March 2020 – the onset of the Covid-19 pandemic – and in Glasgow they have risen by 28%.
New or Grade A accommodation accounted for around 66% of last year’s take-up, while there is growing evidence that tenants are looking for smaller lettings.
Transactions below 10,000 sq ft accounted for 91% of the Scottish market, as flexibility has become a bigger priority than total square footage.
Toby Withall, office agency partner at Knight Frank, said: “There is a clear trend in occupier requirements – they are increasingly prioritising buildings which offer amenities and flexibility.
“From a landlord perspective, anticipating and responding to those needs with the best possible location and high-quality, flexible, and sustainable spaces is essential. For occupiers, the balance is more around aligning their space with evolving work patterns.”
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