EDINBURGH OFFICE RENTS ‘CLOSE TO LONDON’

Edinburgh is running London a close second in terms of monthly asking rents for business. 

Research by SpareOffice finds the average monthly asking rent is highest in London at £357 per space and person. But Edinburgh is a close second, where people are expected to pay an average of £284 a month.

Joe Vallender, SpareOffice’s chief executive commented on the findings: “It comes as no surprise that London clinches the first place given that property values in the capital are higher than anywhere else, but we are slightly surprised that the Scottish capital claims the second spot which can be attributed to its relatively high end offering of co-working spaces and a limited supply.”

London and Edinburgh were followed by Bristol (£265), Oxford (£262), Southampton (£255), Birmingham (£246), Manchester (£230), Newcastle (£218), Glasgow (£210) and Sheffield (£205).

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