Commercial Property News

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Thursday, September 15, 2023

In-town retail rents - Scotland

Latest Retail Rents Research from Colliers CRE Ranks Scotland 10th

According to new research from property advisors Colliers CRE, between May 2004 and May 2005, prime retail rents in Scotland increased, on average, by 2.6% up from the 2% achieved in 2003/04. This places Scotland tenth in the regional rankings and below this year's UK average of 4%.

2004/5 figures show that the South West and Wales topped this years' regional rankings, recording rental growth of 5.4%. The next best performing regions were the East Midlands and the South East both up 4.9% and the West Midlands up 4.7%.

Colliers CRE's research points to a definite north-south divide with the Midlands, Wales and southern regions performing better than Scotland, Northern Ireland and northern regions.