Given renewed lockdown restrictions, it has been a slow start to the year in terms of commercial property investment in Scotland.
However, we expect to see a robust rebound in investment volumes throughout this year, thanks to a significant build-up of capital waiting to target the market. Economic conditions are set to improve as well as the vaccine rollout continues and lockdown restrictions are eased.
In this quarter’s Scotland Snapshot, we highlight:
- Although investment volumes slowed significantly in Q1, they were well above the levels recorded during the first lockdown
- Q1 saw Glasgow’s fourth-largest ever student accommodation deal (by value)
- Scottish government could require up to 500,000 sq ft of office space