Aberdeen office sector enjoys first-half bounce

The take-up of office space in Aberdeen during the first half of this year has exceeded the whole of 2016, according to new figures.

Property adviser Savills said lettings in the period had reached some 270,000 square feet in total, marking an increase of about 17 per cent on total take-up for 2016.

Key deals include Marathon Oil taking 31,668 sq ft from Kennedy Wilson at the Hill of Rubislaw, Total’s 108,000 sq ft assignation from Subsea 7 at Arnhall Business Park and local legal firm Stronachs lease of 13,683 sq ft at 28 Albyn Place.

Dan Smith, director at Savills Aberdeen, said: “The improvement in market sentiment and deal activity we reported at the end of the first quarter in Aberdeen continues as the city sees increased churn from both new and existing occupiers.

“This is largely a result of lease events, improving energy sector demand and increased flexibility relative to lease terms.”