CoStar: Glasgow city centre office take-up hits 230,000 sq ft in Q1 2026

CoStar Group, Inc.

CoStar Group, Inc.

CSGP

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  • CoStar analysis showed Glasgow city centre office take-up reached 230,000 sq. ft. in Q1 2026, the strongest quarterly level since 2021.
  • Leasing rose 85% quarter-on-quarter, up 34% year-on-year; rolling four-quarter demand held near 600,000 sq. ft., more than a third above the H2 2022 to H1 2024 average.
  • Larger transactions returned, with three lettings above 20,000 sq. ft., lifting average deal size to about 6,000 sq. ft. for the quarter.
  • Smaller space demand stayed active, with 28 lettings below 5,000 sq. ft. in the City Core; the rolling four-quarter total reached 133, close to a record.
  • Vacancy remained elevated at 12.4% across Glasgow, rising to 15.8% in the city centre.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoStar Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202605200502BIZWIRE_USPR_____20260520_BW059572) on May 20, 2026, and is solely responsible for the information contained therein.

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