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Aberdeen 'witnessing strong occupier demand'

The Aberdeen commercial property sector is continuing to witness increasing occupier demand.

Lewis Anderson from Scottish Enterprise's infrastructure team said office uptake surpassed 630,000 sq ft during the first six months of 2012, marking an extremely strong period for the sector.

The city's lucrative oil and gas industries have been credited with driving much of this growth, with strong demand for oil services bolstering the Aberdeen property market - a situation that is set to last for the foreseeable future.

He commented: "The industrial market in Aberdeen continues to outperform the rest of the country. As with the office market, high oil prices have instilled confidence and market activity is buoyant with industrial take-up increasing seven per cent on the previous six months."

Mr Anderson added that pressure on rents is forecast to increase in the Aberdeen office sector over the coming months due to the city's shortage of grade A accommodation for businesses - just five per cent availability at present - meaning investment in the provision of new projects continues to be a high priority.

Earlier this month, the Building for the Future: The Scottish Construction Industry's Strategy 2013-2016 report was published by Scottish Enterprise and pointed to a significant upturn in productivity in Scotland's property sector in the coming years.

According to its findings, Scottish construction could witness a ten per cent increase in gross value in the next four years, rising to an impressive £9.62 billion.

"We want to see innovation in construction to help deliver a low carbon economy for Scotland," argued minister for energy, enterprise and tourism Fergus Ewing.

Key features of the report included a ten per cent rise in productivity, coupled with increased efficiency in the waste management process and rising exports as the new strategy is implemented. 

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