Watch out for these 4 Scottish commercial property hotspots
Commercial property prices and potential varies widely in different regions of Scotland.
But finding the right spot for your enterprise could set you up for a lucrative future.
Take a look at these four Scottish commercial property hotspots to see if any of them tick the right business boxes.
Capital Square, Edinburgh
BAM Properties and Hermes Investment Management are teaming up to create Edinburgh’s biggest speculative office development at Capital Square.
The elegant eight floor office development will cover 122,000 square feet of the city’s Exchange business district close to Haymarket Station.
The central location and close proximity to transport links for travellers from across the UK and beyond should make this an attractive option for any firm looking to locate a flagship premises in Scotland’s capital.
But there’s likely to be fierce competition for units — so keep an eagle eye on this development in order to move quickly.
Fort Kinnaird Shopping Centre, Edinburgh
If you’re scouring an online property registry for shops to rent in Scotland, snap up any available retail units at Fort Kinnaird fast.
A host of new tenants including Pure Gym, Starbucks, Schuh and Wilko are taking up residence rapidly in the Newcraighall mall.
The popular shopping park already boasts a cinema and a range of restaurants, so these new firms will attract even more footfall.
If your retail offering is distinctive, you can beat the competition and benefit from the captive audiences offered at these large developments.
Booming Dundee
The V&A Museum of Design is set to open in Dundee next year and its arrival has spurred intensive property development in the city’s waterfront area.
Local business leaders are hoping that Dundee’s Local Development Plan will create further commercial opportunities throughout the city.
The plan earmarks the Western Gateway for large-scale housing developments and 40 hectares of employment land has been allocated at Linlathen.
Although the supply of available housing land is limited, there’s 160 hectares of employment land still available for development.
So if you’re looking for a mid-to-long term investment in a re-emerging market, business is booming in Dundee.
Fife commercial properties
The new Queensferry Crossing has made travel links between Fife and nearby Edinburgh more efficient than ever.
But because Edinburgh office spaces are in high demand with lower availability, Fife’s a viable option for firms who want a business foothold close to the capital.
Fife Council is reminding potential investors that high quality office properties are available in places like Rosyth, Kirkcaldy and St Andrews.
And parts of the region are commutable from Glasgow as well as Tayside — so setting up shop in the kingdom isn’t a bad option for many organisations.
Provided you keep up to date with planned investment projects and strike when the iron’s hot, you can secure a superb Scottish property that’s primed for your business.
These four Scottish commercial property hotspots prove that Scotland’s still open for business.
Which area of Scotland has the most potential for commercial property? Share your advice in the comments section.
You May Also Enjoy
Real Estate Lawyers: Who They Are and What They Do?
Weekly News Roundup – 03/05/24
Rightmove’s weekly mortgage tracker – 02/05/24
Powering Up Your Brokerage: How Real Estate Apps are Transforming the Industry
Breaking Property News – 02/05/24