Table transcript - office costs

The table is an extract from the Valuation Office Agency – Property market report January 2007 and provides an overview of costs of commercial property in Edinburgh and other UK cities. The costs vary according to the type of property. There are three types in total:

Type 1:  Town centre location. Self contained suite over 1,000 sq m in office block erected in last ten 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 150sq.m-400sq.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.

In Edinburgh the costs for a type 1 air-conditioned office, is £295 per square metre per annum.

In Edinburgh the costs for a type 2 air-conditioned office, is £295 per square metre per annum.

In Edinburgh the costs for a type 3 non-air conditioned office, is £205 per square metre per annum.

In Aberdeen the costs for a type 1 non-air conditioned office, is £230 per square metre per annum.

In Aberdeen the costs for a type 2 non-air conditioned office, is £230 per square metre per annum.

In Aberdeen the costs for a type 3 non-air conditioned office, is £210 per square metre per annum.

In Bristol the costs for a type 1 air-conditioned office, is £250 per square metre per annum.

In Bristol the costs for a type 2 air-conditioned office, is £250 per square metre per annum.

In Bristol the costs for a type 3 non-air conditioned office, is £200 per square metre per annum.

In Birmingham (based on the Central Business District within the Inner Ring Road)  the costs for a type 1 air conditioned office, is £280 per square metre per annum..

In Birmingham (based on the Central Business District within the Inner Ring Road)  the costs for a type 2 air conditioned office, is £280 per square metre per annum.

In Birmingham (based on the Central Business District within the Inner Ring Road) the costs for a type 3 non-air conditioned office, is £140 per square metre per annum.

In Canary Wharf the costs for a type 1 air-conditioned office, is £425 per square metre per annum.

In Canary Wharf l the costs for a type 2 air-conditioned office, is £425 per square metre per annum.

In the City of London (type 1 built within the last 2 years) the costs for a type 1 air-conditioned office, is £620 per square metre per annum.

In the City of London (type 1 built within the last 2 years) the costs for a type 2 non-air conditioned office, is £620 per square metre per annum.

In the City of London (type 1 built within the last 2 years) the costs for a type 3 air-conditioned office, is £300 per square metre per annum.

In Glasgow (City Centre) the costs for a type 1 air-conditioned office, is £280 per square metre per annum.

In Glasgow (City Centre) the costs for a type 2 air-conditioned office, is £200 per square metre per annum.

In Glasgow (City Centre) the costs for a type 3 non-air conditioned office, is £170 per square metre per annum.

In Leeds the costs for a type 1 air-conditioned office, is £230 per square metre per annum.

In Leeds the costs for a type 2 air-conditioned office, is £235 per square metre per annum.

In Leeds the costs for a type 3 non-air conditioned office, is £195 per square metre per annum..

In Manchester the costs for a type 1 air-conditioned office, is £300 per square metre per annum.

In Manchester the costs for a type 2 air-conditioned office, is £300 per square metre per annum.

In Manchester the costs for a type 3 non-air conditioned office, is £180 per square metre per annum.