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Office and location costs

The cost of office accommodation in the centre of Edinburgh compares favourably with the City of London and other locations, as shown in the following office costs table.

Office costs

Location   £/m²/ann
Type 1
  £/m²/ann
Type 2
  £/m²/ann
Type 3
Edinburgh * 295 * 295   205
Aberdeen   230   230   210
Bristol * 250 * 250   200

Birmingham (based on the Central Business District within the Inner Ring Road.)

* 280 * 280   140

Canary Wharf

* 425 * 425    

City of London (Type 1 built within the last 2 years)

* 620   620 * 300

Glasgow (City Centre)

* 280 * 200   170
Leeds * 230 * 235   195
Manchester * 300 * 300   180

* Denotes accommodation with air conditioning.

Source: Valuation Office Agency – Property Market Report January 2007

Type 1:  Town centre location. Self contained suite over 1,000 sq m in office block erected in last 10 years, good standard of finish with a lift and good quality fittings to common parts. Limited car parking available.

Type 2:  As type 1 but suite size in range of 150 sq m – 400 sq m

Type 3: Converted former house usually just off town centre. Good quality conversion of Georgian/Victorian or similar house of character. Best quality fittings throughout. Self contained suite in size range 50 sq m - 150 sq m, with central heating and limited car parking.

View a transcript of the office costs table

A wide range of commercial property is also available within easy reach of the city centre at considerably lower cost, as shown in the following location costs table.

Location costs

LOCATION WITHIN EDINBURGH £/m²/ann

Edinburgh City Centre

295

Edinburgh Waterfront - Leith

226

Edinburgh Waterfront - Granton

162

West Edinburgh - Edinburgh Park

215-237
   

View a transcript of the location costs table

© Edinburgh Brand 2007