Graham + Sibbald presents its latest market redonios in several areas of Scotland.
General description of the real estate markets of Stirling, Falkirk and Clackmannshire
The general market conditions in the Forth Valley area have been relatively strong in the last 12 months.
The industrial market continues to work extremely well, and demand still seems to overcome the supply. Some new industrial developments are beginning to appear, which hopefully relieves some of the recent supply problems, however, the evidence would suggest that general demand will continue to be strong through 2025
Although the market for large retail facilities is still very moderate, the collection of smaller properties, especially those with inflatable values below the threshold for the relief of small businesses, has been good in the last 12 months. Or the range, continuous, must be challenges for small retail companies, in principle, is encouraging that there is still enough confidence in the market to receive narrower properties or properties.
The office market has generally remained stable in the last 12 months. There are a predominantly owner/occupant pair of sales agreed in Stirling and Falkirk, as well as a significant rental or at 10,000 full square feet in Larbert.
The demand for good quality development sites in popular residential locations seems to be very strong today. There seems to be a general lack of development of development sites and, with the residential market that continues to function strongly, there is an accumulated demand for sites in desirable places when they reach the market.
General Description of the Inverness Real Estate Market
The Inverness office market has seen greater activity and consultations about the last 12-18 months. The demand is stronger for modern and well located offices of up to 2,000 square feet, particularly those with good parking. The smallest suites between 500 – 1,500 square feet are especially popular, which attracts the interest of professional companies, public sector organizations and companies that serve the largest region of the highlands. Although there is a constant demand for units of up to 2,000 square feet, offices of more than 3,000 square feet see limited interests. Flexibility and narrower suite offers with car parking are key to attract tenants.
The industrial sector remains robust, with high demand, brief periods of marketing, growing rentals and capital values, particularly in Longman’s industrial heritage. The limited supply, the low vacancies and the new minimum development have created a favorable owners market. The oldest units are often renewed due to the shortage of new constructions. The main income now exceeds £ 10 per square foot, with a strong lease and purchase activity of continuous lands.
The retail sector continues to experience a transition period, with the Eastgate shopping center and parts of the main street / Bridge Street that continue to serve as the main retail centers of the city. Although the market has faced challenges, the owners are responding proactively by offering flexible lease terms and attractive incentives, such as prolonged periods without rent, to support growth and encourage new occupants.
Tayside General Real Estate Market Description
Taysside’s office and retail market have generally had reasonable performance in recent years, partly with compact premises and, as such, relatively affordable. Both rental and capital values had improved within the Taysside market. The general lack of any new private property space available within the Taysside office market has turned out that surplus actions are market demand tasks, resulting in rentals and incentives that begin to improve, from the point of view of the owner.
However, it is difficult at this time to predict what will happen within the next 12 months or so within the office / retail sector. The general commercial real estate market in the traditional retail areas of the city of the city of the “street” continues to face challenges with a series of gaps and a descending pressure seen in the rental and capital values in a sector in a acade in all sectors. The conditions must be stabilized to a degree with a realignment of rental prices at a sustainable level that allows some continuity of occupation. This is a scenario that is not exclusive to Tayside and can be seen in several other similar main cities throughout the country.
Despite the broader uncertainty of the market, the industrial and manufacturing sectors of continuous Tayside until the yield until 2025. Main demand that the dooes tend to focus on the adjacent trade advances of trade adjacent which norabe -Sofferties and Neweve’s Offsque and Noerabe -Soferties and Noerabe Sofer and lower repair obligations. The lack of stocks, particularly for the new construction facilities, has helped to keep capital and rent in recent years and will be an influential factor in terms of the commercialization and value of the subjects.
General Description of the Edinburgh Real Estate Market
Office sector: The office market within Edinburgh remained stable in the first quarter of 2025 with approximately 140,000 square feet of transaction, in line with the average of the last 5 years. However, none of these agreements were greater than 10000 square feet and there has certainly been a remarkable change with occupants who seek the best quality in class space on cheaper alternatives and slightly more of good quality. There is a clear lack of main stock AV sheet and with few developments in the pipe, the city office market will continue to be built.
Industrial Sector: The industrial sector has remained robust within Edimburg and Lothians with continuous rental growth. Rentals appear that they are now accepted in general as between £ 10- £ 12/square feet within the range of the middle box and multiple smaller multi-tear farms looking for more than £ 14/square feet. Most cases in Park Capital, where rental rents have been achieved exceeding £ 15 / square feet for new accommodation. We have also seen being beaten £ 20/ square feet in locations of the city centers and additional development/ renewal in Mandal Park (Russell Road) also seeks to order the same rent.
In general, this has been driven by the increase in construction, inflation costs for developers with the previous income that can be achieved to make a new development accumulate. That together with a lack of supply has promoted rentals from Covid. There is greater development in the EGI approach that could offer up to 693,000 square feet of industrial space with New Bridge’s heart with varos options available from 2,500 square feet to 350,000 ISSES.
Retail sector: The retail sector within Edinburgh has remained resistant in the midst of all economic challenges, with George Street and the ST James Quarter continuing to attract great national retailers. However, Princes Street has gone through a decrease with more tourists oriented stores instead of large retailers/ department stores, although the proposals are underway to revitalize this in a more vibrant mixed use destination.
Although there is continuous economic uncertainty ahead, the projections that interest rates will continue to tend down should positively affect the markets for the following year both for investors and occupants.
You can see all the available commercial properties of Graham + Sibbald in Novaloca Gentleman.
