March 18th, 2009
Unlike its European counter parts the city of Aberdeen is managing to retain a high level of office rental income. Whereas other cities, like Edinburgh and Glasgow have seen a considerable down turn in this sector Aberdeen is riding high.
The rate of occupancy, in the office blocks of this oil rich Scottish city, is exceptional considering the current economic climate. Being linked to oil has meant many highs and lows in past years but even the current low value of crude oil doesn’t seem to have made much of an affect on this region of the country.
Last year’s 20% rise on office rental incomes seems set to continue and is a completely different picture from the rest of the UK. Whilst other major cities are struggling to find companies to fill their square footage Aberdeen somehow seems to have found the secret. If though on the other hand you’re looking to just rent a desk, a good place to search would be Desk Space Genie. Here you can find cheap desk space to rent at the click of a button.
Elsewhere the declining office rental market has resulted in desperate attempts to attract foreign business who are not even tempted by low rents on state of the art facilities. In fact retaining existing business is proving to be very tough indeed.
With a population of just over 200 thousand people Aberdeen is the third largest city in Scotland. It has a fast growing electronics design and development industry and this is perhaps the reason for its continued success, compared to its highland rivals. Both fishing and oil contribute to the City of Granite’s economic buoyancy.
Obviously Aberdeen can not become complacent and must be careful to maintain this positive trend; hopefully the historic city will not follow in its neighbours footsteps.
Share and Enjoy:
These icons link to social bookmarking sites where readers can share and discover new web pages.
Posted in Uncategorized |
Comments Off